Good performance but wider spreads for NPLs, RPLs

house calculator
By Ryan Bolger
25 Sep 2014

Issuance of ABS backed by non-performing (NPL) and re-performing (RPL) loan collateral has literally increased exponentially since 2011, but spreads could widen to the point that it makes more sense to keep delinquent loans in a warehouse facility.

Pretium Mortgage Credit Management has estimated that there are about a trillion more NPLs and RPLs in the market that have not been securitized. 

Buyers of NPLs and RPLs are paying close attention to ABS issues of the loans to determine the extent to which excess supply could widen ...

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