Weak house prices are likely to continue in the Netherlands due to a high degree of leverage in households and a continuing economic recession, according to a Moody's Investors Service report on Dutch RMBS trends.
Delinquencies of more than 60 days in Dutch residential mortgage-backed securities increased slightly to 0.42% in the second quarter compared to 0.35% during the same period a year ago, Moody's said.
Weighted average cumulative foreclosures during the same two comparative periods jumped to 0.42% from 0.35%. The rating agency said it did not rate any new Dutch RMBS during the second quarter.
