Publicly Available Research

Association for Financial Markets in Europe (AFME)

• AFME Securitisation page

European Mortgage Federation (EMF)

• Website

Rabobank

• Dutch RMBS: a primer (March 2019)
• Focus on ABS: Dutch RMBS & Prepayments (August 11, 2016)

Credit Rating Agencies

DBRS

• The Dutch Housing Market: Booming Amid Modest Mortgage Lending – Risks to Financial Stability Contained (Mar 04, 2019)
• ​DBRS Publishes Dutch Residential Mortgage Analysis and Case Studies Commentary (Mar 22, 2018)
• DBRS Confirms the Kingdom of the Netherlands at AAA, Stable Trend Jan (25, 2019)

Fitch

• Fitch Ratings Global Cross-Asset Default Update 28 September 2018
• Global Structured Finance 2017 Transition and Default Study 19 December 2018
• Fitch Ratings 2019 Outlook: EMEA Structured Finance 29 November 2018
• Unsolicited and Sector Comments in Structured Finance and Covered Bonds 15 Oktober 2018
• Fitch Takes Rating Action on Four Dutch Non-Conforming RMBS 02 March 2018

Moody's Investors Service

• RMBS and ABS – EMEA: 2019 Outlook - New entrants and stable performance, amid increasing risks in the UK (November 2018)
• Dutch RMBS excess spread would decline with automatic LTV-based mortgage interest rate adjustment, a credit negative (November 2018)
• Moody’s Global RMBS Market Comparison Tool (May 2018)
• Dutch RMBS loan loss severities will conntinue to decline and regional disparities will remain (March 2017)
• Higher Credit Enhancement Replaces Traditional Dutch Swaps, a Credit Positive (October 2014)
• Swapless Dutch RMBS face increased risk of revenue shortfall if rising interest rates reduce prepayments (2016, Dec 13)