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