Posts Tagged ‘ CITA ’

Danes tackle ARMs concerns via callable revival, new Cita loans

Oct 31st, 2013
Klaus Kristiansen, RD

Danish lenders are responding to regulatory and rating agency pressures to reduce the share of adjustable rate mortgages (ARMs) with the launch of Cita-based loans and a revival of fixed rate callables, with Moody’s highlighting Nordea Kredit’s success in the latter as credit positive.

Standard & Poor’s sees longer term, CITA shift in Danish mortgage lending

Jun 27th, 2013

Standard & Poor’s expects a shift in the Danish mortgage market towards longer term and CITA-linked loans, despite questions about their popularity in light of the costs associated with such mortgage products.