Mortgage Securities Stir in U.K.
Aug 21st, 2008 | By Gregory Arzumanov | Category: International RealtyLONDON — Alliance & Leicester PLC, a British bank, sold about 400 million ($747 million) of high-quality bonds backed by home loans this week, in a rare sign of life in the market for mortgage securities.
However, bankers say the U.K. lender’s Monday sale isn’t yet a sign of growing momentum in the mortgage-finance market, which [...]