Falling New Arrears Hopeful Sign For RMBS

12 Aug 2009

The number of new arrears reported within residential loans backing the Granite Master Trust from Northern Rock has declined dramatically, signalling some relief ahead for the wider market.

-- Daniel O’Leary

The number of new arrears reported within residential loans backing the Granite Master Trust from NorthernRock has declined dramatically, signalling some relief ahead for the wider market. Phil Adams, residential mortgage-backed securities researcher at the Royal Bank of Scotland, said the number of new arrears ...

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