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Article: Securitisation market not in difficulty, says MPLC.
- Article from:
- Mortgage Strategy
- Article date:
- June 26, 2006
CopyrightCOPYRIGHT 2006 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Mortgages PLC has rubbished claims of difficulties in the securitisation market.
But the wholly owned subsidiary of US investment Bank Merrill Lynch says two divisions of securitisation lenders are now emerging.
Speaking at the Mortgage Summit in Jerez, Peter Beaumont, deputy chief executive officer at Mortgages PLC, told delegates some of the lenders entering the securitisation market have been naive and this has led to the creation of a first and second division in the securitisation market, which investors are now wising up to.
In May, Rooftop Mortgages saw its rating downgraded, sparking concerns that the entire securitisation market ...