Obvion is first issuer to disclose payment moratoriums

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By Tom Brown
28 Apr 2020

Obvion has released investor reports for its outstanding RMBS transactions, including new tables on Covid-19 payment postponements, becoming the first ABS issuer to report payment moratoriums as a result of the outbreak.

Out of a total of 5,425 loans, Obvion reported that 99.6% of borrowers have not requested a payment moratorium. Only 0.16% of loans have been granted moratoriums (six loans), with another 0.45% being processed (16 loans) and zero rejections.

The approved payment holidays are booked as delinquencies, seemingly ...

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