...February 25, 2025 The first public residential mortgage-backed securities (RMBS) transaction in Israel closed in August 2024. This followed the Bank of Israel's approval of a memorandum on the country's new securitization law the month before. The proposed law for regulating securitization transactions was then published on Feb. 18, 2025, in the Official Gazette of the State of Israel. S&P Global Ratings believes that the new law will support the development of the Israeli RMBS market, and we expect to see further transactions in due course. In this Credit FAQ, we answer questions we have received since we rated this landmark transaction about the nature of the market and our analysis of RMBS in Israel....