FLASH CPR · GINNIE MAE PREPAYMENT MONITOR

FIRST TO PUBLISH

MortRadar Flash CPR

The latest national prepayment read on the U.S. government-guaranteed mortgage market (Ginnie Mae single-family MBS): the voluntary prepayment speed (CPR) across the coupon stack and by loan program, month-over-month, from public MBS disclosure data. National CPR is as of May 2026. Free — no account required. A machine-readable feed is at /api/markets/flash-cpr.

CPR · national · May 2026

9.7%

▼ −130 bps MoM · vs Apr 2026

Fastest coupon

6.5%

24.1% CPR

Slowest coupon

4.5%

5.4% CPR

FHA vs VA spread

−497 bps

FHA CPR − VA CPR

Flash signals

The alerts this report feeds · delivered to Flash-CPR subscribers

metric: flash_cpr

HIGHNational Ginnie CPR fell to 9.7% (−130 bps MoM)

NOTABLEFastest coupon: 6.5% at 24.1% CPR

INFOFHA 7.7% vs VA 12.7% CPR — −497 bps spread

National CPR trend

Voluntary prepayment speed of the Ginnie Mae single-family universe, by disclosure month

% CPR · MONTHLY

CPR by coupon

Voluntary prepay by security coupon · snapshot May 2026

2.0

5.5%

2.5

6.0%

3.0

6.0%

3.5

5.4%

4.0

5.9%

4.5

5.4%

5.0

5.9%

5.5

13.2%

6.0

23.2%

6.5

24.1%

7.0

22.1%

7.5

18.2%

CPR by loan program

FHA · VA · USDA · PIH · snapshot May 2026

FHA

7.7%

12.7%

USDA / RHS

6.2%

PIH / 184

5.0%

◈

PREPAYMENT SIGNAL

The 6.5% coupon is prepaying fastest at 24.1% CPR — +1871 bps above the slowest 4.5% coupon at 5.4%. National CPR fell −130 bps month-over-month. Issuer-level speeds and the full coupon×servicer grid are in the Ginnie CPR analytics.

Go deeper

Related free surveillance surfaces

Market surveillance monitor →National prepay, default, buyout, and delinquency in one dashboard MortRadar Default Risk Index →A base-100 composite of realized government-market default risk Ginnie CPR analytics →Issuer-level speeds, the coupon×servicer grid, and cohort curves

For developers

Poll the flash-CPR signals

Every signal above is served as JSON — a stable key, the disclosure period, a severity, and the value/delta — so an alert pipeline can key on (key, period) and threshold on severity.

GET /api/markets/flash-cpr →

Attribution & methodology. Computed by MortRadar from Ginnie Mae public single-family MBS disclosure data. CPR is the annualised voluntary prepayment (payoff) speed: SMM = balance paid off this month / beginning balance, CPR = 1−(1−SMM)¹². The national CPR trend is UPB-weighted across all pools; the coupon and program splits are the latest loan-level snapshot month (labelled above) and cover voluntary payoffs only (buyouts and involuntary removals excluded). Speeds are single-month approximations and are shown as an em dash where not computable — never a fabricated zero. Derived work; not published, reviewed, or endorsed by Ginnie Mae or any government agency. See data attribution.