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MBS
Posted: March 3rd, 2006, 8:55 pm
by danturner999
Hi, just wondered... does anyone know if Residential MBS is the UK is guarenteed in the same/similar way as US Mortgages are?Thanks very much
MBS
Posted: March 3rd, 2006, 9:34 pm
by grotta
If you mean in the same way Freddie Mac guarantees mortgages, the answer is no.
MBS
Posted: March 5th, 2006, 11:27 am
by danturner999
Thanks a lot... Yes thats what I ment.... do you know if anyone insures them? i.e. a 3rd party insurance company maybe?
MBS
Posted: March 5th, 2006, 3:37 pm
by creditderivative
There is no 3rd party insurance for the UK RMBS now (there may be some exceptions though, not 100% sure). I've heard that at the inception of the market there used to be such insurances. BTW Aussie RMBS have insurance.Please let me know if you find any exception for UK.