Nitesh Shah

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Fewer Possessions ‘Bode Well’ for UK RMBS: Moody’s

Aug 17, 2009By

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.

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

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