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Moody’s Investors Service

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Moody’s Drafts Drivers of Default in UK Mortgages 

Aug 13, 2009By

In a report published today, Moody’s Investors Service describes the degrees to which individual loan characteristics, such as LTV, income verification, occupancy type, etc., can act as drivers of loan default. These results are based on the analysis of the performance data of several UK master trust and stand alone prime transactions – overall about £259bn ($429bn) of mortgages originated in or before beginning of 2008 were analysed.