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February 25th, 2012 
FAKE NEWS for the Zionist agenda 
Irish Independent
February 25 2012
ULSTER Bank has launched a review to find out if the €4.4bn of mortgages that it has ‘securitised’ in off-balance sheet arrangements are likely to be adversely impacted by new personal-insolvency rules.
CEO Jim Brown confirmed the review to the Irish Independent this week but said it was too early to predict the kind of difficulties that the new rules could create for existing and future securitisation.
The news comes as ratings agency Fitch warned this week that the impact of the new rules on securitised mortgage debt “remains highly uncertain”.
Securitisation allows banks to put their mortgages in a special entity and then sell bonds in that entity to new investors.
The investors essentially assume the risk of non-payment, although banks often pay an agreed ‘first loss’.
Ulster is the largest mainstream player in the market, with €4.4bn of loans securitised and therefore kept off its balance sheet.
The Government is proposing new measures that would allow struggling homeowners to write off some of their mortgage loans by striking agreements with their lenders.
Read more: Ulster Bank reviews ‘securitised’ mortgages in light of new rules
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