RMBS rollercoaster

The residential mortgage-backed securitisation market was severely disrupted by US subprime contagion. And a brief revival of RMBS markets in Australia and South Korea is still fragile following problems for home loan buyers. By Kathleen Kearney

ar-p28-chang-jpg

After eight gloomy months, a modest revival in activity in mortgage-backed securities emerged at opposite ends of Asia in May and June. More than a dozen high-quality, residential mortgage-backed securities (RMBS) were launched in Australia and South Korea and quickly taken up by investors at modest premiums over similar issues in 2007.

But as quickly as the market stirred, it died down, as another crisis hit markets in the US - the technical bankruptcy of the Federal National Mortgage

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here