UK lenders return to MBS marketplace
02/11/09 12:38 Filed in: UK Financing
From
the weekend Financial Times.
Far too many brown leaves to ensure upturn
By Norma Cohen, Economics Correspondent
Published: October 31 2009 02:00 | Last updated: October 31 2009 02:00
Perhaps the most encouraging news about housing is that the capital market may be re-opening to it. Nationwide this week priced a £3.5bn tranche of mortgage-backed securities, the second such issue in a month.
A re-opened capital market could help increase the amount of mortgage finance available, thereby boosting demand for homes.
While it might be too early to call a market turn in the UK residential MBS market, any activity is noteworthy at this stage in the credit crunch.
-John
Far too many brown leaves to ensure upturn
By Norma Cohen, Economics Correspondent
Published: October 31 2009 02:00 | Last updated: October 31 2009 02:00
Perhaps the most encouraging news about housing is that the capital market may be re-opening to it. Nationwide this week priced a £3.5bn tranche of mortgage-backed securities, the second such issue in a month.
A re-opened capital market could help increase the amount of mortgage finance available, thereby boosting demand for homes.
While it might be too early to call a market turn in the UK residential MBS market, any activity is noteworthy at this stage in the credit crunch.
-John
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