Cliff edge looms

Category: RMBS

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400,000 loans face forbearance expiry

The number of mortgages in active forbearance continued to tick down last week, but this month the market is set to be buffeted by the termination of plans that commenced at the beginning of the pandemic.

Some 400,000 mortgages hit the expiration date on September, based on the current allowable term lengths which were extended in June.

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