Fewer storm clouds over Spanish mortgage market, says Fitch

By Joseph McDevitt
28 Jan 2014

The rate of Spanish mortgages falling into arrears fell in the last quarter of 2013, according to Fitch, as the economy emerged from recession. But the rating agency expects house prices will only hit a trough in 2015, with arrears and non-performing loan ratios set to continue rising.

The rate of mortgages going into arrears of more than three months fell to 2.5% in the fourth quarter from a peak of 2.7% in March last year. One and two-month arrears in RMBS rated by Fitch also fell to 1.4% from peak levels of around 1.8% at ...

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