Northview rolling seasoned collateral into UK RMBS

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By David Bell
27 Mar 2017

A new UK non-conforming RMBS transaction from the Northview Group, backed by seasoned assets including second charge mortgages, has emerged as specialist lenders continue to dominate the primary market.

Residential Mortgage Securities 29 is a £539m deal backed by seasoned non-conforming mortgages, of which £500.6m are first lien mortgages, while £38m are second lien mortgages. Of the second lien mortages, seven loans totalling around £0.19m relate to third lien mortgages, which are additional advances under second loans.

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