January 2009
2 posts
The Danish Mortgage System
Danish homeowners can actually purchase their own mortgages at a discount when the bonds linked to the mortgages are trading at a discount. Very interesting system. The Economist elaborates…
“The second feature of the Danish system is that mortgage-holders can also buy the bonds in the market and use them to redeem their mortgages. This is useful if a rise in interest rates (or a...
“Would you tell me, please, which way I ought to go from here?”
“That depends a...”
– Lewis Carroll