Repossessions in UK subprime residential mortgage-backed securities (RMBS) declined to 1.48% of the out-standing balance in February 2010, a level last recorded in August 2005, according to Moody’s Investors Service. Arrears in the month also fell to 19.2% from a peak of 21% in June 2009. Most series recorded falling arrears but those in transactions issued by Preferred and Money Partners rose. The redemption rate continued to fall. It was 9.4% this February, less than half the figure recorded in the same month in 2009 and a third of that seen in February 2008.

Most Popular Articles

Quicken Loans hits “pause” on One Reverse Mortgage, moves all employees to Rocket Mortgage

Quicken Loans has become the largest mortgage lender in the country over the last few years due in large part to the growth of Rocket Mortgage, the company’s digital mortgage platform. As it turns out, Rocket Mortgage is becoming so big that it’s now consuming other parts of the Quicken Loans family of companies too, namely the company’s reverse mortgage lender.

Feb 21, 2020 By

Latest Articles

Former Speaker of the House Paul Ryan joining board of CIS Credit Solutions

CIS Credit Solutions, which provides credit services for mortgage lenders, is adding a big name to its newly formed advisory board. The company announced Tuesday morning that former Speaker of the House Paul Ryan is joining the company’s board.

Feb 25, 2020 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please