Default Looms For Dutch RMBS

Dutch residential mortgaged-backed security E-MAC NL 2002-1 is at risk of a note event of default if originator GMAC doesn’t advance funds for a forced repurchase of notes.

  • 16 Jul 2009

-- Daniel O’Leary

Dutch residential mortgaged-backed security E-MAC NL 2002-1 is at risk of a note event of default if originator GMAC doesn’t advance funds for a forced repurchase of notes. The default as a result of the forced put option would be the first of its kind in ...

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3 Citi 5,130 13 8.54
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