RMBS unemployment impact delayed but not stopped, data shows

Unemployment_AdobeStock_575x375_24Sep20
By Tom Brown
24 Sep 2020

Data from DBRS Morningstar and Bank of America shows that government support measures across Europe have delayed the impact of rising unemployment on RMBS deals, though not indefinitely. The news comes as the UK government announces further support for struggling workers.

“There has been an uptick in cases across Europe, there was starting to be an end of the payment holidays and furlough schemes,” said Gordon Kerr, head of structured finance research Europe at DBRS, speaking during a webinar on Thursday. “And the impact of that is expected to ...

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