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RMBS

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  • Delinquencies in loans in Irish prime residential mortgage-backed securities rose to a record in the first quarter, with the 90-plus day delinquency trend climbing to 13.99% and 360-plus delinquent loans to 5.5%, according to Moody’s Investors Service.
  • Barclays has retained a new issue of U.K. residential mortgage-backed securities from its Gracechurch Mortgage Financing program.
  • Barclays retained around £3bn equivalent of RMBS funding from Gracechurch Mortgage Financing master trust on Thursday.
  • The Brazilian market for residential mortgage-backed securities is poised to grow as domestic lenders explore new sources for mortgage lending, according to Fitch Ratings.
  • Investors in the European Union use far fewer market pricing resources for their positions in asset-backed securitizations, mortgage-backed securitizations and collateralized debt obligations than their U.S. counterparts, according to Principia Partners.
  • Goldman Sachs is said to be raising $518 million for a collateralized loan obligation managed by Credit Suisse Asset Management.
  • Morningstar has released the methodology it will use to rate residential mortgage-backed securities.
  • The Securities Industry and Financial Markets Association is pressing the U.S. Federal Housing Finance Agency to merge additional operations of Fannie Mae and Freddie Mac.
  • U.K. non-performing residential mortgage-backed securities will likely deteriorate further in value as a rising number of borrowers fail to repay their lines, especially 2006-2007 vintages of RMBS, according to Moody’s Investors Service.