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Single family homes on the market. Updated weekly.Powered by Altos Research
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30-Yr. Fixed Conforming. Updated hourly during market hours.
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Australia

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Australia: RMBS Defies Trendsetting 

May 26, 2009By

Moody’s Investors Service just released a report proffering a mixed bag of performance for Australian nonconforming residential mortgage-backed securities (RMBS). These type of assets are similar to subprime in the US, with aspects such as high loan-to-value ratios and/or teaser rates. Moody’s reports overall delinquency rate easing, but then 90 days past due arrears are at a record high. Borrowers who are 30 days past due, on the other hand seem to be stabilizing, performance-wise.

3d rendering of a row of luxury townhouses along a street

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