Big lenders offer home loans with penalties for early prepayment, but investors are unimpressed

Authors :: Bush, Vanessa
Source :: Barron's. April 21, 1997, Vol. 77 Issue 16, p41, 1 p.
Publication Year :: 1997
Abstract: Security-backed mortgages are not popular with many investors currently, even when offered by big mortgage banks such a Bank of America. The competition from the government-sponsored agencies, Fannie Mae and Freddie Mac, and the effects of prepayment penalties, are discussed.

Subjects :: Bank of America National Trust and Savings Association -- Management
Debt prepayment -- Economic aspects
Mortgage banks -- Services
Mortgage-backed securities -- Analysis
Banking, finance and accounting industries
Business

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