Dubai may launch mortgage bond market

Dubai may launch mortgage bond market

United Arab Emirates: Sunday, March 20 – 2011 at 11:20

The Dubai International Financial Centre (DIFC) is mulling a plan to kick-start mortgage lending in the emirate through the sale of bonds, The National has reported. The plan involves setting up a large and liquid mortgage bond market to reinvigorate the country’s property sector, while avoiding the problems related to mortgage-backed securities in the US sub-prime sector. The plan is based on the mortgage bond market in Denmark, which has been praised as being more stable than most other markets.

via Dubai may launch mortgage bond market | Real Estate | AMEinfo.com.

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