Sinn Féin set to shake up Ireland’s mortgage sector
While Sinn Féin begins its attempt to form Ireland’s new government, investors and issuers are eyeing a possible overhaul of the country’s housing sector. Securitization is in the headlights, as one of the party’s key manifesto pledges, which promised to throttle the market, is on the negotiating table.
Last year, the left-wing republican party shook the market’s confidence in Ireland after it proposed a controversial mortgage bill dubbed “no consent, no sale”. The law would have required borrowers’ consent before lenders could sell their mortgages, stunting securitization in Ireland.During Saturday’s election, Sinn Féin won ...
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