Sunday, Jan 07, 2007
The great mortgage securitisation boom. A scandal in the making?l
Sunday Telegraph: Do you know who owns your mortgage?
underpinning thie boom in Britain's housing market is a different, more ethereal phenomenon. Increasingly, Britain's lenders are selling off residential mortgages to the capital markets – and they are doing so by the thousand.
Last year British mortgages worth more than £90bn were sold off through securitisation vehicles to investors across the globe, according to Citigroup, the banking giant. The figure has almost doubled in the past 12 months.
Posted by archie @ 10:19 AM (168 views) Add Comment
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