Greek RMBS, ABS Further Deteriorate In November

Performance of Greek residential mortgage-backed securities and asset-backed securities continued to deteriorate in November, according to Moody’s Investors Service. Moody’s reported for example, that the 90-day-plus delinquency rate for RMBS rose to 1.69% in November, compared with 0.66% from a year earlier, while cumulative defaults hit 0.69%, up ...