Performance of loans in outstanding residential mortgage-backed securities originated in Korea, Hong Kong and Taiwan was stable in the first quarter, according to Moody’s Investors Service. Moody’s reported Korea’s gross default ratio was less than 0.4%, while the ratio in Hong Kong for loans 30-119 days past due was less 0.1%. In Taiwan, RMBS with higher loan-to-value loans had a gross default ratio of 5%, while one with a lower LTV finished the month at 2%.
