The future of securitisation in European mortgage funding is uncertain, says Andrew South and Scott Bugie of Standard & Poor’s Ratings Services. But they believe RMBS will continue to play a role in helping European banks to fund their mortgage portfolios
Residential mortgage backed securities (RMBS) performance was stable across Europe, the Middle East and Africa (EMEA) during the first quarter of 2010, but some performance concerns persist, says Fitch Ratings in its latest quarterly update.
The Building Societies Association has welcomed the Treasury discussion paper on building societies access to capital.
The Treasury has published a discussion document on options for securing the long-term stability of the building society sector.
Increasing unemployment in the UK may lead to more borrowers in arrears and further deterioration in UK prime residential mortgage-backed securities (RMBS) performance indices, according to a report by Fitch Ratings entitled "Around the Houses - Quarterly European RMBS Performance Update Q4 2009".
Fitch Ratings has updated its Issuer Report Grades (IRG) for all its rated Europe, Middle East and Africa (EMEA) residential mortgage backed securities (RMBS) transactions.
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