KMRC, a mortgage facility company, has been formed to facilitate the financing of Uhuru’s affordable housing plans. Among others, it will issue Mortgage Backed Assets in the Kenya capital markets. This is a laudable initiative that will deepen the capital markets. But Alas! Securitized mortgages contributed to global financial crisis. There is therefore need … Continue reading Beware KMRC: Securitizing Mortgages is muddled with landmines