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Kensington group company in £200m Securtisation


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  • 5 months later...

This is interesting, we were all led to understand that these companies securitised mortgages so that they could raise funds so that they could lend monies to borrowers... not much lending activity going on since Kensington sold off this batch of mortgage debt then ....or any other sub-prime lender for that matter - hence the 'austerity'... Oh well, maybe they are just shoring up their coffers for when the market picks up hey : )

 

I wonder if Kensington recognise that registrations held at HMLR and copies of mortgage deeds are just a letter and a stamp away - what I mean is this... if the underlying deeds are not signed - the whole process secures no interests for investors...., oh well, at least Kensington have boosted their coffers hey... that's the main thing : )

 

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