Type And Level Of Interest Rates On Housing Loans Affected Prepayment Rates Of Japanese RMBS, Says S&P Report Sep 11
Standard & Poors, September 2011
Abstract
TOKYO (Standard & Poor's) Sept. 20, 2011--Under the prolonged low interest rate environment in Japan, the type and level of interest rates on housing loans has affected prepayment rates of Japanese residential mortgage-backed securities (RMBS), Standard & Poor's Ratings Services said in a Japanese-language report released today. In the report, Standard & Poor's explains its analysis of prepayment rates of residential loans in asset pools backing Japanese RMBS rated by Standard & Poor's. The prepayment rate is one of the most important factors in analyzing RMBS transactions. Today's report focuses on interest rate type and applicable interest rate. Standard & Poor's found that prepayment rates surged remarkably in recent years for pools of loan receivables with high proportions of loans...
Action: General Comment
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Research type: News
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