Saturday, 16 July 2011

Danish Mortgage Lenders Rethink Bonds Amid Moody’s Onslaught

http://www.bloomberg.com/news/2011-07-14/danish-mortgage-lenders-rethink-bonds.html

Lenders in the world’s third-largest mortgage bond market are looking into the possibility of phasing out adjustable-rate mortgage bonds with maturities of one year and introducing five- year securities with yearly adjustments to the interest rate, Karsten Beltoft, the head of the Copenhagen-based Danish Mortgage Bankers’ Federation, said in a phone interview yesterday.



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