Investec and Barclays revive UK non-conforming RMBS
Investec and Barclays Capital this week unveiled the first new UK non-conforming mortgage securitisation since the credit crisis, Residential Mortgage Securities 25. The £186m deal is backed by mortgages mostly originated in 2007 and 2008 by GMAC RFC, Mortgages Plc and Investec subsidiary Kensington Mortgage Co.
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