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Loan Modification
: Mortgage Lender Implode-o-MeterECB may tighten up ABS collateral rules
By Implode-Explode Heavy Industries
The European Central Bank may tighten up the rules on the European asset-backed securities (ABS) it accepts from banks as collateral in liquidity operations, a European Central Bank official said on Tuesday.
"The need for more detailed information on the pools of loans that make up ABS is one area under consideration," said Francesco Papadia, director general of market operations at the ECB.
Full post as published by Mortgage Lender Implode-o-Meter on June 02, 2009 (boomark / email).
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