38650-012: A Study on the Development of an Agency to Facilitate Issuance of Residential Mortgage-Backed Securities
Project Data Sheet (PDS): Overview
The purpose of the TA is to develop a mechanism for issuance of "true sale" residential mortgage backed securities (RMBS) for providing matched funding to both bank and non-bank institutions to ensure sustainability of important delivery channels, including those that specialize in low value, high volume lending segments, trough setting up of a credit enhancement agency along similar lines as Fannie Mae in the US. Read More
|Borrower/Equity Investment Name||–|
|Type or Modality of Assistance||
|Financing||Private sector (Nonsovereign)|
|Approval Date||25 Feb 2005|
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