30 June 2016 – Expansión
In total, the volume of mortgage-backed securities admitted for listing during the first quarter of the year amounted to €22,514 million. According to the Spanish Mortgage Association (‘Asociación Hipotecaria Española’ or AHE), that figure represents a more than three-fold increase in the quantity recorded during the same period in 2015 (€6,300 million). Single mortgage-backed bonds maintained their weight over the total volume issued, accounting for around 53%. The issued volume of that instrument amounted to €7,143 million during the first quarter, up by 13.4% compared to a year earlier.
The issuance of securitisations backed by mortgages between January and March 2016 amounted to €15,371 million, up by 51.6%. The outstanding balance of mortgage securities at the end of March registered a decrease of 5.5% with respect to the same period last year.
Original story: Expansión
Translation: Carmel Drake