Dutch RMBS per­for­mance re­mained strong in Septem­ber

Financial Mirror (Cyprus) - - FRONT PAGE -

The Dutch res­i­den­tial mort­gage-backed se­cu­ri­ties (RMBS) mar­ket re­mained strong dur­ing the three-month pe­riod ended Septem­ber, ac­cord­ing to the lat­est in­dices pub­lished by Moody’s In­vestors Ser­vice.

The 60+ day delin­quen­cies of Dutch RMBS, in­clud­ing Dutch mort­gage loans ben­e­fit­ting from a Na­tionale Hy­potheek Garantie, con­tin­ued to de­crease to 0.73% in Septem­ber from 0.81% in June. The 90+ day delin­quen­cies also con­tin­ued to de­crease to 0.56% in Septem­ber from 0.64% in June.

Cu­mu­la­tive de­faults in­creased to 0.78% of the orig­i­nal bal­ance, plus ad­di­tions (in the case of mas­ter is­suers) and re­plen­ish­ments, in Septem­ber from 0.70% in June. This com­pares to cu­mu­la­tive de­faults of 0.49% in Septem­ber 2014. Cu­mu­la­tive losses in­creased to 0.15% in Septem­ber from 0.14% in June.

Moody’s has as­signed de­fin­i­tive credit rat­ings to two new trans­ac­tions since the last pub­li­ca­tion of the In­dex on Septem­ber 9, in­clud­ing five classes of notes is­sued by STORM 2015-II B.V. and two classed of notes is­sued by Hypenn RMBS IV B.V.

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