PT  - JOURNAL ARTICLE
AU  - Glenn M. Schultz
AU  - Frank J. Fabozzi
TI  - Servicer Influence on Mortgage Prepayments
AID  - 10.3905/jfi.2022.1.139
DP  - 2022 Jun 30
TA  - The Journal of Fixed Income
PG  - 91--97
VI  - 32
IP  - 1
4099  - https://pm-research.com/content/32/1/91.short
4100  - https://pm-research.com/content/32/1/91.full
AB  - Investors in the mortgage-backed securities market have long tiered pools based on the servicer concentration in the pool. The tiering is largely due to observed prepayment differences among servicer, servicer type (bank versus non-bank), and origination channel (retail, correspondent, or broker). We examine the influence of the servicer on prepayment rates and differentiate between bank and non-bank servicers. Further, the origination channel also influences mortgage prepayment rates.