Covered mart dismisses mortgage industry worries

Pulled Plug
By Bill Thornhill
30 Nov 2020

Covered bond bankers have swept aside a series of negative reports on the outlook for the mortgage market from the European Banking Authority, European Central Bank and rating agencies, arguing that covered bonds will remain unassailable, come what may.

S&P said in its outlook report published last week that the take-up of mortgage payment holidays had passed its peak, but warned that the outlook for the performance of the mortgage market would ultimately depend on the extent to which unemployment rises. 

Moreover, secular trends, such as ...

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