While away in Mayo I was reading Nick Shaxson’s Treasure Islands, which is an excellent guide to everything you would like to know about tax havens, how they developed and how they operate now. Once back curiosity lead me to an old post on the Treasure Island blog that I have linked to before, one […]
Archive for April, 2012
Following on from Monday’s post, some more SPVs backed by Irish residential mortgages - an extra €44 billion, giving a total so far of €76 billion in securities backed by Irish residential mortgages.
AIB Mortgage Bank (AIB) - €11.87 billion
Celtic Residential Irish Mortgage Securitisation - (Ulster Bank) - €20.627 billion
Phoenix Funding Limited - (KBC Bank) - […]
I’ve been trying to find out just how much of the Irish mortgage book has been securitised. This is what I’ve found so far:
Emerald Mortgages (EBS) - €4 billion
Kildare Securities (Bank of Ireland) - €3.45 billion
Fastnet Securities (Irish Life & Permanent) - €23.774 billion
Lansdowne Mortgage Securities (Start Mortgages) - €729 million
So, there’s at least €32 […]
The Lord has spoken
and will not change his mind.
He has made his decision
and will not turn back. (Jer. 4:28)