Moody's: Irish mortgage performance and home prices buoy several sectors, amid arrears concerns
London, 30 January 2017-- 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, says Moody's Investors Service. "We expect mortgage arrears to slowly decline and house prices to rise by up to 5% over the next 12-18 months, which is credit positive for several sectors, namely Irish banks and mortgage securities. While RMBS exposures to borrowers in long-term arrears and negative equity are still...
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