Covered Bonds: Still on the Agenda
Commentators note that one great attribute of the Internet, and the communities formed within and around it, is this: when someone wanders off (or climbs on a ledge), the community does a good job of nudging each other back to the group.
Yes, I was a little disappointed (OK, even upset) at the lack of focus by the CMSA on covered bonds at the January conference (see my comment regarding the session called "Lessons From CMBS 1.0").
However, my friends at the Covered Bond Investor (link) correctly note that the Mortgage Bankers Association lists covered bonds as part of "legislation among the organization's legislative and regulatory priorities for 2010." (posting on the MBA list)
My sense, however, is that covered bonds will NOT be a near-term reality.
But thank you, Covered Bond Investor, for talking me off the ledge.
If you have an interest in covered bonds, visit the Covered Bond Investor.
And if you have any questions or comments for me, please post them below.
