Australia
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Australia: RMBS Defies Trendsetting
May 26, 2009Moody’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.
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Subprime RMBS, CDOs ‘Extinct,’ Says Moody’s
Aug 21, 2008 -
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Aug 14, 2008 -
Can’t sell your house? Raffle it off!
May 27, 2008 -
‘Subprime Flu’ Heads to Australia; Who’s Holding the Bag?
Jul 19, 2007