Tuesday, July 24, 2007

TEXT-S&P release on structured finance market in Brazil

(Reuters) - And according to a new report published by Standard & Poor's Ratings
Services, the country is expected to launch a residential mortgage-backed
securities sector later this year.




A combination of positive factors is responsible for the development of
RMBS in Brazil: a favorable economy, market stability, declining interest
rates, an enormous housing deficit, and increasing homebuilding and
house-financing activities. In addition, several banks with relevant home loan
portfolios have publicly stated their interest in securitizing part of these
assets .


Read more at Reuters.com Bonds News

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