Repossessions Drop Good Sign For U.K. RMBS, Says Moody’s

18 Aug 2009

An unexpected 10% decline in repossessions in the second quarter combined with lower interest rates bodes well for the U.K. residential mortgage-backed securities market, according to Moody’s Investors Service.

An unexpected 10% decline in repossessions in the second quarter combined with lower interest rates bodes well for the U.K. residential mortgage-backed securities market, according to Moody’s Investors Service. The Council of Mortgage Lenders had correlated the low interest rates with the drop in repossessions, but Moody’s warned ...

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