Fitch Ratings says that it expects the Bank of England’s Special Liquidity Scheme (SLS) to result in a sharp increase in both residential mortgage-backed security and covered bond issuance out of the United Kingdom in the coming six months.The rating agency stressed that the scheme is far from a taxpayer “bail-out” of banks, as claimed […]
Commercial real estate could be the next trouble spot for large U.S. financial institutions that are already saddled with significant risk from their residential real estate exposures, says Fitch Ratings.In a new report the rating agency suggests that losses on commercial mortgage-backed securitiy (CMBS) collateral are likely to increase as the credit cycle progresses. Fitch […]
McCaughey says bank is preparing for further writedowns
Firm gets approval from CMHC
Approval demonstrates strength and strong partnership that the firm offers the Canadian asset-backed securities market, CEO says
Index tracks US$1.2 trillion asset class
Low-interest rates pose a challenge
MBS forecast to capture larger share of commercial mortgage market