Month: March 2019

RMBS default rates trending higher as house prices plunge

Coolabah developed the world’s first compositionally-adjusted, or hedonic, regression-based index of RMBS default rates, covering all prime deals that Bloomberg reports on (you can download the paper here). We update this index monthly, and the results are enclosed below. Contrary to S&P’s SPIN Index, we find that Aussie RMBS arrears (nb: legally there is no difference …

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