Refinancing Registers In German MBS

12 Oct 2007

In recent months, Fitch Ratings has received several requests for the application of Refinancing Registers (RRs) in German mortgage-backed-securities transactions.

In recent months, Fitch Ratings has received several requests for the application of Refinancing Registers (RRs) in German mortgage-backed-securities transactions. The first structured deal containing this feature (WILCO 2007-1 GmbH) was launched in January 2007. Effective Sept. 19, 2005, the German government amended the "Kreditwesengesetz", the German Banking Act ...

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