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Article: U.K. Sees Thaw in Market for Structured Finance.(International Mortgages)
- Article from:
- National Mortgage News
- Article date:
- November 9, 2009
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Byline: Bonnie Sinnock
LONDON-The United Kingdom's frozen new issue market for mortgage-backed structured finance product is thawing.
"Some of the U.K.'s highly rated institutions have been able to issue structured finance products backed by mortgages in recent weeks," said Paul Samter, economist for the Council of Mortgage Lenders, London.
However, he said investor interest in the market remains "tentative."
"This is only an early sign of wholesale investors tentatively coming back into the new issuance market, but is welcome nonetheless," said Mr. Samter.
Gross mortgage lending in the United Kingdom also is showing some ...