Spanish savings banks may be hiding losses on home loans by taking non-performing mortgages out of securitized transactions, according to CreditSights. By carrying the bad loans on their own books the so-called cajas sidestep downgrades to their mortgage-backed securities, the independent bond research firm said in a report.
0 minute readSpain’s cajas may be hiding mortgage losses, CreditSights says
July 6, 2010, 3:32pm
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
Most Popular Articles
HUD tests a new Operation Breakthrough for today’s housing crisis
“Gallia est omnis divisa in partes tres.” All Gaul is divided into three parts. Julius Caesar used those words more than 2,000 years ago to begin an account of military conquest. America’s housing affordability challenge might be described similarly. Like Gaul of yore, it divides into three parts: talk, action, and outcomes. Identifying the three […]
Jun 23, 2026
-
Housing demand holds steady as regional inventory trends reshape the market
Jun 25, 2026 -
Young buyers are priced out in most U.S. metros, Pew data shows
Jun 25, 2026 -
Mortgage performance steady in May as calendar drives delinquency bump
Jun 26, 2026 -
How the housing market survived the Iran conflict
Jun 27, 2026 -
Taylor Morrison deal details show limits in builder M&A appetite
Jun 29, 2026
Latest Articles
The American Dream is not dead, it moved to markets that still build
Every few years, an elite institution announces that the American Dream is over. This time, the argument comes dressed as housing analysis. Middle-class homeownership, we are told, was not a durable feature of American life but a historical accident. A temporary postwar phenomenon, made possible by cheap land, federal mortgage support, rising wages and a […]
-
Consumer groups ask FTC and DOJ to probe Compass MLS deals
-
Avoiding AI deed fraud in Florida: What property owners need to know
-
The mortgage market is misreading its retiree borrowers
-
Berkshire’s Clayton adds McGuinn Homes to Mungo as scale race widens
-
FOA completes deal for Onity reverse mortgage assets, adding $5.2B in UPB
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
