TITLE

Prepayment of Single-Family Mortgage Bonds Slows by 25%, Merrill Report Says

AUTHOR(S)
Sanchez, Humberto
PUB. DATE
August 2006
SOURCE
Bond Buyer;8/9/2006, Vol. 358 Issue 32441, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article presents information on a report issued by Merrill Lynch & Co. Inc. that deals with single-family mortgage revenue bonds of the United States. According to the report, prepayment speeds for these bonds witnessed a decline of 25% because of recent interest rate increases. According to Kurt van Kuller, head of municipal credit research at Merrill Lynch, declining prepayment speeds offer good opportunities to purchase high yielding single-family mortgage revenue bonds.
ACCESSION #
21954673

 

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