(Reuters) - NEW YORK, July 9 - Prepayments on U.S.
mortgage-backed securities fell in June as higher interest
rates and one less calendar day outweighed seasonal factors,
according to Wall Street analysts.
Prepayment speeds were mostly in line with Wall Street
expectations. The June figures reflected the impact of a
softening housing market and tighter underwriting standards by
lenders affected by the implosion of the subprime mortgage
market.
Read more at Reuters.com Bonds News
mortgage-backed securities fell in June as higher interest
rates and one less calendar day outweighed seasonal factors,
according to Wall Street analysts.
Prepayment speeds were mostly in line with Wall Street
expectations. The June figures reflected the impact of a
softening housing market and tighter underwriting standards by
lenders affected by the implosion of the subprime mortgage
market.
Read more at Reuters.com Bonds News
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