Items Tagged with 'Nitesh Shah'

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  • Fewer Possessions 'Bode Well' for UK RMBS: Moody's

    Moody's Investors Service sees hope in the UK residential mortgage-backed securities (RMBS) market as low interest rates fuel fewer possessions. The news of low rates and possessions "bodes well" for the market, according to commentary out of Moody's Structured Finance. Moody's analyst Anthony Parry and economist Nitesh Shah point out in the research note that Q209 UK possession figures showed an unexpected 10% drop from the previous quarter.
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  • Portuguese RMBS Default Rate Doubles, Says Moody's

    Default rates among Portuguese residential mortgage-backed securities (RMBS) increased to 1% in Q209, from 0.5% just one year earlier. The weighted-average 60-plus-day delinquency rate was up to 2.1%, from 1.9% in Q109, according to an index report by Moody’s Investors Service. At the same time, prepayment rates declined to 4.6%. Moody’s, however, expects the Portuguese RMBS sector to improve. “House prices increased by 1.7% compared to Q109, although they are still 1.5% lower than a year ago,” Nitesh Shah, a Moody's Economist said in a statement.
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