HFA voluntary prepayment ratios to generic counterparts moved up in the August report across tiers potentially driven by aging on new prod and longer lags on seasoned HFA paper. Tier 3 ratios were pushed up more notably by UT speeds. These ratios for new production Tier 1 remain mostly in the single digits to teens percent, and Tier 2 in the 20s to 30s percent. Tier 3 ratios are in the 60s to 80s percent in aggregate.

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