Mobius? loan book risky says S&P

Figures compiled by the ratings agency show that nearly 22 per cent of RMBS issued by Mobius were running in arrears – well above the 12.8 per cent average for the sub-prime sector.

The company’s technical default rate – loans with payments more than three months overdue – was listed at 15.6 per cent in September, far exceeding that of their competitors which averaged 7.2 per cent.

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Written by Staff Reporter

Last Updated: 09 March 2022

Published: 10 January 2008