RMBS

Boasts low default rate

September's disastrous Salzburg summit brought the risk of a 'no-deal' Brexit into sharper relief.

Mis-sold loans in 2005 to 2007

Global credit markets under strain

Said likelihood of recession is around 25%

TwentyFour Asset Management is launching a UK Mortgages investment trust for Ben Hayward (pictured) and Douglas Charleston in a further expansion of its closed-ended range.

Regina Borromeo has more than doubled exposure to mortgage-backed securities in the Legg Mason Income Optimiser fund since the start of the year as a play on the housing recovery in Europe.

Bank of America Merrill Lynch is close to agreeing a $16bn-$17bn settlement over its handling of mortgage-backed securities in the run up to the financial crisis, according to reports.

HEDGE

GOSLING'S GROUSE