May Housing Finance Agency Prepayment Report, Delinquency Trends, and Outlook

05/24/2021

HFA MBS prepayments in May declined less than generic counterparts, pushing up CPR and VPR ratios. This is consistent with the idea that HFA borrowers potentially react with somewhat longer lags compared to generic borrowers. These ratios could tick up again next month as aggregate speeds decline slightly. That said, these ratios are still mostly in the single digits to teens except for higher coupon Tiers 2 and 3. In the Ginnie sector, Lakeview’s buyouts declined as expected, while buyouts by mission focused HFA servicers remain minimal.

Download the full article

Read more Municipal Commentary 

Learn More From HilltopSecurities

Surveys Show Service Sector Quickly Gaining Momentum

Retail Sales Rebound as Consumers Increase Summer Spending

logo
Thank you for visiting the HTS Commodities website. For best viewing experience, we recommend using Chrome, Firefox, Safari, or Microsoft Edge.