U.K. Authority Launches Securitization Covenant Inquiry

10 Aug 2009

The U.K.’s Financial Services Authority plans to put securitization covenants under the microscope to see if they affect home repossession rates.

-- Daniel O’Leary

The U.K.’s Financial Services Authority plans to put securitization covenants under the microscope to see if they affect home repossession rates. During a sweeping review of mortgage regulation, the authority will investigate if securitization covenants prompt quicker bank foreclosures on properties. A spokeswoman with the FSA ...

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