The benefits of rising house prices in Ireland and lower mortgage arrears will continue to spread to Irish banks and bonds backed by home loans (namely, residential mortgage-backed securities (RMBS) and covered bonds), says Moody’s Investors Service. “We expect mortgage arrears to slowly decline and house prices to rise by up to 5% over the …
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Fitch: Brexit uncertainty dampens UK Housing & Mortgage Outlook
Fitch Ratings has revised its UK housing and mortgage outlook from Stable/Positive to Stable in light of the UK’s referendum on leaving the EU, to reflect increased uncertainty around the UK housing market and economic fundamentals created by the vote. A Stable sector outlook will continue to support our Stable RMBS ratings Outlook. UK house …
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