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U.K. Prime RMBS Index Report Q1 2010?Will The Cautious Return Of The U.K. Housing Market Improve Prime RMBS Collateral Performance? Jun 10
Standard & Poors, June 2010
Abstract
Standard & Poor's Ratings Services' view of the U.K. prime residential mortgage-backed securities (RMBS) market is cautiously positive. On balance, most economic and collateral data point to future improvements in the performance of securitized prime mortgage loan pools. However, we remain vigilant to any effects that the new U.K. government's deficit reduction plan might have on the economy in general and unemployment in particular. On the positive side, recent data on house prices once again show signs of recovery. Year-on-year house price growth has been positive for the past five months for both of the main market indices and moved into double figures for the Nationwide House Price Index for April. However, in an article we recently published, we caution...
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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