No Action on Horizon for Covered Bond Market; Comprehensive Legislation Needed to Provide Spark
November 13, 2009
The collapse of the secondary mortgage market for non-conforming loans opened a potential opportunity for covered bond securitization to take root in the U.S., but the topic is too low on the list of priorities for policy makers to do anything to stimulate investor interest. Although covered bonds are used heavily in Europe, experts at the recent ABS East conference sponsored by Information...