1.0NZ | Coolabah Capital Investmentshttps://coolabahcapital.com/en-nzcoolabahcaphttps://coolabahcapital.com/en-nz/blog/author/coolabahcap/rich600338<blockquote class="wp-embedded-content" data-secret="6eQbOH7kke"><a href="https://coolabahcapital.com/en-nz/blog/2018/10/04/rmbs-default-index-results-august/">August RMBS Default Index Results</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://coolabahcapital.com/en-nz/blog/2018/10/04/rmbs-default-index-results-august/embed/#?secret=6eQbOH7kke" width="600" height="338" title="“August RMBS Default Index Results” — NZ | Coolabah Capital Investments" data-secret="6eQbOH7kke" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script> /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); //# sourceURL=https://coolabahcapital.com/en-nz/wp-includes/js/wp-embed.min.js </script> https://coolabahcapital.com/en-nz/wp-content/uploads/sites/10/2018/10/Post-RMBS-Default-Rates-Index-Results.jpg10241024Key Take-Aways:  Contrary to S&P data, Coolabah’s globally unique hedonic index of compositionally-adjusted Australian RMBS default rates shows defaults trending higher after controlling for the date of the RMBS issue, the average life of the loans, the average LVRs and geographic biases Coolabah has also developed another global first, which is a hedonically-adjusted mortgage prepayment […]