Mukul Pareek

Seeking Alpha in Indian Real Estate

Most originators of mortgages are flush with funds and are happy to hold the mortgages and earn a return instead of securitizing and getting it off their books. Even if they were to do that and do more originations with the money raised, that would only push up the prices of existing real estate. I don't know of anywhere where CDOs are used to "low cost housing for the millions"? There are poor people in the US too - the most developed market for collaterized securities - but have you seen CDOs being used to "low cost housing for the millions "?