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European Whole Loan Sales Being Embraced By Newer Breed Of Mortgage Investor Apr 06
Standard & Poors, April 2006
Abstract
LONDON (Standard & Poor's) April 24, 2006-A host of new entrants to Europe's whole loan sales market is fuelling one of the fastest-growing areas of the capital market, according to Standard & Poor's Ratings Services. 'Of particular interest in the European whole loan sales market is the demand we are seeing from new market players who do not originate their own mortgages,' noted credit analyst Brian Kane, a managing director in the Structured Finance group. 'But a notable outcome of this rising demand is that whole loan sales trading is increasingly being driven by technicals rather than fundamentals.' A number of factors is behind this buoyant demand for whole loan portfolios. Chief among the reasons continues to be the diversity...
Companies mentioned in this report are: Deutsche Bank AG,WestLB AG (Unsolicited Ratings),Alliance & Leicester PLC,Acenden Ltd.,Credit Suisse Securities (Europe) Ltd.,Residential Mortgage Securities 21 PLC
Action: General Comment
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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