Fannie Mae Benchmark CPR™ Commentary – July 2020
Fannie Mae Cohort Benchmark CPR3 (BCPR3) came in at 36.9 CPR for the month of June, which was a 5% increase from the 35.2 CPR observed in May. After May’s decline, the June 1-month component speed increased to 36.7 CPR, contributing to the overall increase of the BCPR3.
The June BCPR3 captures component CPRs from April through June, while the May number captured March through May. As such, the change from the May to June reporting periods is a function of the difference between the March and June components.