Dutch issuer Tulp Hypotheken brings first RMBS via Natwest
Dutch mortgage originator Tulp Hypotheken announced its inaugural Dutch RMBS transaction last Friday, the €392m Tulip Mortgage Funding 2019-1.
The deal is similar to other Dutch RMBS transactions, though it has a lower volume of interest only mortgages at 7.3%.Tulp is one of the several new mortgage platforms in the Netherlands and began lending in May 2018, meaning that the mortgages have a weighted average seasoning ...
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