Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Ok then the buyer of the CDO does own the loan and so the house in case of default: detail of property management is just outsourced and only cash flows go out. This is not what I understood from linca comment above.

Thanks for the precisions!

by Laurent GUERBY on Mon Aug 20th, 2007 at 06:31:50 AM EST
[ Parent ]

Others have rated this comment as follows:


Occasional Series