Capital Market Scorecard: Financial Services Committee hearing - Covered Bonds testimony
The CMSA has published the text of the testimony by Christopher Hoeffel, from his appearance yesterday before the US House Financial Services Committee. As noted in my posting earlier this week (link), the Committee is investigating the use of the "covered bond" product as one tool to revive the CRE capital markets (and solve some of the problems with the CMBS model).
Here is a link to the testimony: LINK
The testimony is very instructive, and a must read.
I suggest that you research the covered bond. We've been collecting materials for the last year.
If you have any questions, comments or help full materials on covered bonds, please post a comment.
