French Mortgage Guarantor Misses Calls On ABS

19 Nov 2009

Paris-based mutual mortgage guarantor Credit Logement has decided not to call two of its asset-backed securities, FRES 2004-2 and FRES 2005-1.

-- Daniel O’Leary

Paris-based mutual mortgage guarantor Credit Logement has decided not to call two of its asset-backed securities, FRES 2004-2 and FRES 2005-1. The company said in a statement the decision was due to uncertainty surrounding its compliance with Basel II requirements. The firm used the two synthetic ...

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