Items Tagged with 'Arthur Karabatsos'

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  • Delinquencies Slip in Australian RMBS: Moody's

    Delinquencies among prime Australian residential mortgage-backed securities (RMBS) fell in Q209, according to a Moody's Investors Service report Wednesday. Delinquencies of more than 30 days slipped for the second consecutive quarter despite rising unemployment, Moody's said. Reductions in official interest rates drove the decline in the deeper delinquency bucket. Delinquencies greater than 30 days slipped to 1.32% from 1.45% in Q109 and from a record high of 1.58% in December 2008.
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  • Aussie RMBS Looking Good to Moody's

    Ratings downgrades among Australian prime and non-conforming residential mortgage-backed securities (RMBS) remain unlikely as collateral performs within expectations, according to Moody's Investors Service. "Moreover, despite a long term trend of increased delinquencies, their ratings are anticipated to remain stable in the absence of mortgage insurer downgrades, while some upgrades should occur as subordination levels increase due to the typically sequential pay structures employed in Australia," said Moody's vice president and senior analyst Arthur Karabatsos.
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