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EFTA01385952
27 March 2015 US Fixed Income Weekly Figure 8: High-LTV pool pay-ups show curved relationship to refi incentive 6.0 5.0 4.0 3.0 00 0.5 Reft Incentive (%) 1.0 1.5 2.0 —Smooth 0 Payup vs Reel Nola ReII menhirs is measured es the wow WAC on the TBA %Went% Ice a given period less the saved% 30-
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