Mission for Mars: exit UK mortgages from housing market peak

Mission for Mars: exit UK mortgages from housing market peak

Tom Porter

July 24, 2014 11:00 AM

Mars Capital 230x — This Aug. 26, 2003 image made available by NASA shows Mars photographed by the Hubble Space Telescope on the planet's closest approach to Earth in 60,000 years. Mars is set to get its latest visitor Sunday, Aug. 5, 2012, when NASA's new robotic rover, named Curiosity, attempts to land there. Mars has been a prime target for space exploration for decades, in part because its climate 3.5 billion years ago is believed to have been warm and wet, like early Earth. (AP Photo/NASA) | Uncredited/AP/Press Association Images

Mars Capital is looking to price its second capital markets exit of a purchased mortgage portfolio next week after mandating Citi to sell Thrones 2014-1, a UK non-conforming RMBS transaction backed by loans originated at the peak of the country’s housing market in 2007 and 2008.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login

Topics

News content RMBS Securitization Citi

TP

Tom Porter