| 11. | The lack of prepayment penalties also makes it less painful to move.
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| 12. | Those prepayments help determine investors'average lives and returns.
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| 13. | Proponents of reform have two major objections to uncontested prepayment.
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| 14. | Prepayments shorten the lives of mortgage securities and can hurt their returns.
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| 15. | Now that rates are stable, concern over rapid prepayments has waned.
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| 16. | There is not enough bang for the buck considering the prepayment risk.
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| 17. | Those prepayments shorten the lives of mortgage securities and erode their returns.
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| 18. | Prepayments are also increasing, as the Federal National Mortgagae Association reported.
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| 19. | They should distinguish between those bonds more likely to have prepayment risk.
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| 20. | That could reverse the declines in prepayments over the last few months.
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