Covered Bonds An Alternative to Securitization for Funding Mortgages

Format:

Book

Government document

Author/Creator:

Library of Congress. Congressional Research Service

Language:

English

Subjects (All):

Administrative law.

Finance--Law and legislation.

Finance.

Government securities.

Physical Description:

1 online resource

Contained In:

ProQuest U.S. Congressional Research Digital Collection

Place of Publication:

[Place of publication not identified] [publisher not identified] 2009

Summary:

Provides background on covered bonds, which are recourse debt obligations that are secured by a pool of assets, such as mortgages. Explains their financial structure; reviews FDIC rulemaking affecting covered bonds; and covers H.R. 2896, the Equal Treatment for Covered Bonds Act of 2009, to provide definition for covered bonds and specify regulatory authority of Federal financial regulators for covered bonds. Explains European Union approach to covered bonds

Notes:

CRS Report

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Dec. 2010). Reuse except for individual research requires license from ProQuest, LLC

Vendor supplied data

Other Format:

Microfiche version Library of Congress Congressional Research Service Covered Bonds

Publisher Number:

CRS-2009-GVF-0770

Access Restriction:

Restricted for use by site license