Selecting Securitization Underwriters for 2009 

Korea Housing Finance Corporation (CEO Joo-jae Lim) announced on January 13 that it has selected the new underwriters for the issuance of MBS (Mortgage Backed Securities) and SLBS (Student Loan Backed Securities) for this year. 

Twelve underwriters were chosen: Goodmorning Shinhan Securities, Daewoo Securities, Dongbu Securities, Tongyang Securities, Samsung Securities, NH Investment & Securities, Woori Investment & Securities, KB Investment & Securities, The Korea Development Bank, Korea Investment & Securities, Hanhwa Securities, and Hyundai Securities. They will operate in a pool system, starting this month.

As legal advisors supporting the securitization issuance and mortgage securities, 5 law firms were selected: Kim & Chang, Shin & Kim, Sewha Park & Goo, Kim & Jung, and Pureun Law. Three accounting firms – Daejoo, Samil PwC, and Deloitte Anjin – will be in charge of due diligence.

The credit ratings of MBS and SLBS will be conducted by 3 agencies in rotation: Korea Ratings, Korea Investors Service, and NICE Investors Service.