Rare RMBS with a twist

Category: CDO Risk Management RMBS

Previous Story       Next Story

Sector developments and company hires

A rarely seen public Swedish RMBS is in the market with an unusual structural twist – Hypoteket Mortgages 3 AB. "Credit enhancement is provided through overcollateralisation and can increase as the transaction captures all excess spread available," explains Rodrigo Conde Puentes, vp senior analyst, structured finance, at Moody’s. "A rare feature in European RMBS, but one we may start to see elsewhere.”

Already registered?

Not yet registered? Join today to access SCI Content.