The Treasury Department's plans to expand the Home Affordable Modification Program won't have any impact on agency MBS prepayment speeds, and should help special mortgage servicers, mortgage insurers and nonagency mortgage-backed securities holders, reports Keefe, Bruyette & Woods. "We believe that the more flexible debt-to-income ratio and the inclusion of some investor properties will have a positive impact on modification activity," KBW analysts say.

Full Story:

Related Summaries