Outlook Negative For U.K. Non-Conforming RMBS

Moody’s Investors Service says the outlook for U.K. non-conforming residential mortgage-backed securities remains negative for 2011 despite improved performance last year.

Moody’s Investors Service says the outlook for U.K. non-conforming residential mortgage-backed securities remains negative for 2011 despite improved performance last year. Moody’s acknowledged that in 2010 the RMBS have benefited from falling arrears levels and a sharp drop in repossession rates, but that it maintains its negative outlook because of “uncertain long-term performance trends.”

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