Does Britain need mortgage-backed securities?
Does Britain need mortgage-backed securities?
- 1987
- Economist 305(7519) 10 October 1987, 85(1) .
Focuses on the securitisation market. Though three companies have entered the market, mortgage-backed securities have yet to catch on in Britain. Describes the activities of the Salomon Brothers subsidiary, The Mortgage Corporation (TMC) in issuing mortgage-backed bonds . Includes a flow chart explaining how TMC and other issuers turn mortgages into securities . Notes incentives necessary to make it a more attractive proposition for banks and building societies.
INVESTMENT
RESIDENTIAL PROPERTY
Focuses on the securitisation market. Though three companies have entered the market, mortgage-backed securities have yet to catch on in Britain. Describes the activities of the Salomon Brothers subsidiary, The Mortgage Corporation (TMC) in issuing mortgage-backed bonds . Includes a flow chart explaining how TMC and other issuers turn mortgages into securities . Notes incentives necessary to make it a more attractive proposition for banks and building societies.
INVESTMENT
RESIDENTIAL PROPERTY