TDA 25 Draws Down On Reserve Fund

04 Mar 2008

The TDA 25 residential mortgage-backed securitization had to repeatedly draw on its reserve fund over the past few months mainly because of rising arrear levels.

-- Anneli Groenewald

The TDA 25 residential mortgage-backed securitization had to repeatedly draw on its reserve fund over the past few months mainly because of rising arrear levels. The reserve fund of the transaction, which is originated by Spain’s Banco Gallego and Credifimo, is already down to 0.44% of ...

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