European banks are recruiting senior securitization specialists in anticipation of a pick-up in the sector in Europe, with up to €1.25trn ($1.55trn) in securitized assets expected to be sold. The European asset-backed securities market, pools of mortgages and other loans, grew fivefold between 2000 and the peak in 2006 when issuance hit $540bn, according to Dealogic. But as troubles in the US subprime mortgage market spread to Europe in 2007, issuance dried up.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio