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JPMorgan, Barclays examine 40-year mortgages in RMBS

Forty-year fixed rate mortgages have recently hit the market as another option for borrowers looking for payment savings, but how effective are they? A recent report from JPMorgan Securities set out to answer this question by looking at 40-year, fixed-rate mortgages versus 30-year TBAs. The results - although admittedly...

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