Performance of U.K. prime residential mortgage-backed securities continued to its stable trend in November, according to Moody’s Investors Service. The 90-day-plus delinquency rate inched up from 1.9% in October to 2%, while Moody’s annualized total redemption rate climbed to 12.81% in November, compared to 12.73% a year earlier. Low interest rates have helped contain delinquencies and reduce repossessions over the past year, says Moody’s.
Click here to read the release from Moody’s Investors Service.