Photographer: Chris Ratcliffe/Bloomberg

U.K. Lender Shuns Mortgage-Backed Securities for BOE Funding

  • Paragon’s treasurer says company won’t issue RMBS this year
  • BOE allows lenders to borrow at rates close to 0.25 percent

Paragon Group of Companies Plc said it won’t package mortgages into new bonds that can be sold because it’s cheaper to use the Bank of England’s new funding plan.

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