Broker: Changes To Russian RMBS Won’t Save It

15 Mar 2010

The trustee of a controversial Russian residential mortgage securitization is attempting to clarify its documents, but this will not improve the deal’s standing with investors, according to a London broker.

-- Daniel O’Leary

The trustee of a controversial Russian residential mortgage securitization is attempting to clarify its documents, but this will not improve the deal’s standing with investors, according to a London broker. Shammi Malik, London-based head of asset-backed securities trading at Brains, said the trustee of RUB7.19 billion ...

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