Investment banks' presence in the UK sub-prime mortgage market is driving the volumes of whole-loan sales higher. Last year, there was an estimated £10 billion-20 billion in whole-loan sales executed in the UK, and with more banks stepping into the market, those numbers should grow.
"Investment banks have set up London-based teams to look for these kinds of assets," says Brian Kane, a managing director in Standard & Poor's structured finance group in London. "As securitisation is becoming mor
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