Monday, November 9, 2009

Slowly but surely it’s all starting again!

Goldman Sachs Said to Manage Sale of Commercial Debt

As credit markets have stabilized and financial institutions make bets the worst has passed, signs are emerging that some banks are willing to take on the risk. During the past two weeks, JPMorgan Chase & Co. began quoting loans to commercial borrowers with the intent of pooling them to be sold as bonds, though no loans have been closed yet, according to a person familiar with the program. “This is a very positive sign for the market,” Hoeffel said. “While it’s only a toe in the water, banks are actually taking the execution risk of a securitized exit.”

Posted by tyrellcorporation @ 10:10 PM (741 views)
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2 thoughts on “Slowly but surely it’s all starting again!

  • fallingbuzzard says:

    The real test is when they start bundling the crap back in with the normal loans. Thats the only reason why securitisation lost favour, not because it was disliked as a matter of principle.

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