Cladding scandal could lead to modest RMBS losses and negative equity – DBRS Morningstar

The cladding crisis has resulted in risk of adding £140 to high-rise flat owners’ monthly mortgage payments and producing losses on sale of repossessed properties by residential mortgage-backed securities (RMBS) pools, DBRS Morningstar has said. Analysis from DBRS Morningstar on the impact of cladding looked at 64 securitised UK […]

Click here to view original web page at