An Aug. 14 article, "ARM Prepayment Speed Accelerating as Rates in Fixed Loan Market Decline," page 20, misstated the views of a PaineWebber analyst on how fast Ginnie Mae adjustable mortgages are likely to be prepaid.

The analyst, Linda Lowell, holds that they will be prepaid more slowly than conventional adjustables - the prevailing opinion - but faster than most other experts believe.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.