Testimony of Alan Boyce CEO, Absalon Project before the House Financial Services Committee
Mr. Chairman, Ranking Member Representative Bachus, and other Members of this Committee, I very much appreciate the chance to testify today on the issue of covered bonds. Covered bonds are an important and useful financial tool, and the Committee is right to be considering how best to ensure that investors and borrowers have access to the benefits of this approach.
Continue ReadingDanish Mortgage Model is one to back
When large swathes of Copenhagen were destroyed by a great fire in 1795, the Danes didn’t let a good crisis go to waste. Within two years they had set up the first Danish mortgage credit institute to help finance the reconstruction of their capital city.
Continue ReadingDanish mortgage credit bonds approved by ECB
The European Central Bank (ECB) approved VP Lux s.á.r.l. as a central securities depository in the Euro zone. Read More.
Continue ReadingDanish mortgage lending has withstood the financial crisis
The Danish mortgage system has certain unique characteristics which have helped protect Denmark against the worst effects of the crisis and have made the system a role model for other countries. Read More.
Continue ReadingDenmark Offers a Model Mortgage Market
George Soros | There is a safe way to securitize home loans. Read More.
Continue ReadingA Danish fix for the US mortgage crisis | George Soros
The recent compromise struck between the Treasury and Democrats in Congress on the fate of Fannie Mae and Freddie Mac, the government-sponsored mortgage guarantors, constitutes the worst of all possible worlds. Read more.
Continue Reading