Dutch issuer Tulp Hypotheken brings first RMBS via Natwest

dutch houses
By Tom Brown
30 Oct 2019

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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