City A.M
KBRA releases research that examines the UK past-term interest-only (PTIO) mortgage population, including drivers of post-maturity behaviour and implications for residential mortgage-backed securities (RMBS) cash flow timing. PTIO mortgages are interest-only (IO) loans that have reached maturity without repaying the principal balance. These loans are gaining prominence as legacy pre-global financial crisis (GFC) IO cohorts [...]
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