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Mortgage Advice Homeloanhomefinancing Home Loan Home Financing Szh ChuanqiGMqun Qun40 Home Loan Home Financing Lex_Securitisation: risk-averse - FT中文网

Mortgage Advice Homeloanhomefinancing Home Loan Home Financing Szh ChuanqiGMqun Qun40 Home Loan Home Financing

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Of the US and European mortgage-backed deals that existed in July 2007, European bonds have lost just 0.7 per cent from loan defaults, according to Fitch, while US deals have suffered losses of 12 per cent. Put another way, bundles of good-quality mortgages delivered exactly what they promised to investors who bought and held, as insurers do. US securitisations are supported by government guarantees on most home loans. Europe has no such system. Now regulation risks penalising products that can help free up lenders and allow them to make fresh loans. Solvency II is still grinding its way through Brussels. There is just time for changes to be made. This should be revisited.

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Lex专栏是由FT评论家联合撰写的短评,对全球经济与商业进行精辟分析。栏目始于1930年,其团队分布在纽约、伦敦、香港和东京四地。无人确知其名称的起源,有人认为源于拉丁语“微罪不举” 。(Lex专栏更多文章)

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