HF has chosen financial intermediaries for its mortgage securitization
- Date 2015-01-23
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HF has chosen financial intermediaries for its mortgage securitization
Korea Housing Finance Corporation (HF, CEO Kim Jae-Chun) announced on the 23rd that it has chosen financial
intermediaries for its mortgage securitization (MBS·MBB) for this year, including securitization intermediaries,
due diligence service providers, and credit rating agencies.
HF has selected a total of 15 securities firms, such as Daewoo, Meritz, Mirae Asset, and Samsung, as its
securitization intermediaries. Depending on the scale of its securitization issuance, two to eight of the firms
will ultimately be chosen as lead managers for each issuance.
For the due diligence review of underlying assets, HF has chosen seven accounting firms, namely Daejoo,
Samjong KPMG, Deloitte Anjin, Yeil, Induk, Jinil, and Hanul. In addition, it has selected Nice Rating, Korea
Ratings, and Korea Investors Service as its credit rating agencies. At each time of issuance for its mortgage-backed
securities and mortgage-backed bonds, HF will designate one of them to rate the financial products.
At the same time, HF issued 14.5 trillion won in securities backed by residential mortgages last year. This year,
it will continue to support qualitative, structural improvement in mortgage financing for the development
of the nation's long-term bond market.