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Loan Modification

: Mortgage Lender Implode-o-Meter

No Appetite for Securitization Leaves the US Covered

By Implode-Explode Heavy Industries

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"Covered bonds, with its dual recourse and on-balance sheet structures, are also pricey to maintain. But traditionally, covered bonds spoke more to the sovereign wealth investor, not the private ABS investor, with ratings pegged to the issuer."

Full post as published by Mortgage Lender Implode-o-Meter on March 31, 2010 (boomark / email).

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