New UK mortgage support plans may give RMBS a lift
The UK government’s two-pronged Help To Buy programme to increase home ownership — outlined in Chancellor of the Exchequer George Osborne’s annual budget on Wednesday — could have a positive knock-on effect for the residential mortgage-backed securities market in the country.
London-based securitisation officials said UK RMBS prepayment rates could increase, and the expected stabilisation in house prices would ease concerns over loss severities in transactions.
But at the same time, the Bank of Englands Funding for Lending Scheme, which is providing UK lenders with an alternative to securitisation
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