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FIGCovered Bonds

Covered bond industry grapples with mortgage moratoriums


Mortgages in covered bond pools that fall 90 days past due typically then become ineligible for inclusion and are replaced. But, the unprecedented volume of mortgage moratorium initiatives and other forbearance measures introduced in response to the coronavirus pandemic means the market must now offer a degree of latitude, which it is planning to do with the launch of new transparency measures.

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