U.K. Non-Conf, BTL Redemptions Drag On

04 Oct 2011

Bonds in prime U.K. residential mortgage-backed securitizations are meeting their redemption dates at their earliest call date, but non-conforming and buy-to-let U.K. RMBS are facing later redemptions, signaling a split in the sector.

Bonds in prime U.K. residential mortgage-backed securitizations are meeting their redemption dates at their earliest call date, but non-conforming and buy-to-let U.K. RMBS are facing later redemptions, signaling a split in the sector.

It means investors in non-conforming deals are being left holding securities longer than they originally expected, ...

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