The U.K's low interest rate environment  is supporting lower-than-expected levels of bank possessions. This bodes well for U.K. RMBS, said analysts at Moody’s Investors Service.

Last Friday, the latest U.K. possession figures showed an unexpected 10% drop on the previous quarter, with 2Q09 possessions at 11,400. These figures were published by the U.K. Council of Mortgage Lenders, representing over 95% of the mortgage market, which attributed the fall partly to the low interest rate environment.

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