Portuguese RMBS Delinquencies To Continue Rise

17 Feb 2009

Delinquencies in Portuguese residential mortgage-backed securities are expected to continue rising this year as credit, labor and housing market conditions in the region decline.

--Cristina Pittelli

Delinquencies in Portuguese residential mortgage-backed securities are expected to continue rising this year as credit, labor and housing market conditions in the region decline. “Economic growth in Portugal is likely to continue to fall as a consequence of the global slowdown; therefore, we expect the delinquency performance ...

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