Catalonia law puts RMBS performance at risk

Catalonia_AdobeStock_575x373_17Feb20
By Tom Brown
17 Feb 2020

Catalonia has passed a new housing law that may have an impact on RMBS deals with a high exposure to the region.

Decree Law 17/2019 was passed on February 5 to improve access to housing in Catalonia. It captures securitization funds in its scope, because in properties that they have repossessed, they will have to offer a lower "social rent" to vulnerable tenants, for at least seven years, delaying the ...

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