Extend Those Durations, Mortgage Maxx Warns MBS Investors
Posted by LINDA LOWELL on Jun 30th, 2008
2008
Jun 30
Prepayment data service Mortgage Maxx AFS warned MBS holders last week that prepayment rates should sag over the summer — and through year end, as well, if expectations for higher mortgage rates are met.
“Mortgagors are having a hard time seeing the Fed’s alpha this easing cycle,” said Paul Descloux, Mortgage Maxx AFS chief, pointing [...]