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Irish RMBS market debuts subprime 370m deal

Ireland has issued its first subprime RMBS, a 370 million ($447 million) Lansdowne Mortgage Securities transaction. Similar deals are expected on the horizon, Fitch Ratings analysts said.

The deal issued by Kensington Mortgages Irish subsidiary, Start Mortgages, has a provisional pool that includes 2,550 first-charge, owner-occupied loans with a...

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