U.K. Lender Shuns Mortgage-Backed Securities for BOE FundingBy , , and
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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