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The following was adapted from an announcement by DBRS:

In a commentary published Sept. 21, Canadian rating agency DBRS has provided a comprehensive review of the Canadian covered bond and residential mortgage markets.

Detailing the history and current status of the covered bond programs established by Canada's five largest banks, the commentary provides in-depth analysis of the residential mortgage market and the liquidity of residential mortgage loans in Canada.

Kenneth A Snowden, Associate Professor of Economics at the University of North Carolina at Greensboro, describes himself as "an economic historian who for the past two decades has studied the development of the U.S. mortgage market."  He testified at the hearing on "Covered Bonds: Potential Uses and Regulatory Issues" held Sept. 15 by the U.S. Senate Committee on Banking, Housing & Urban Affairs.

To download a PDF of Snowden's prepared testimony for the hearing (19 pages), click on "20100915 Snowden" under "Attachment" below.

Ric Campo is Chairman and CEO of Camden Property Trust, a publicly held apartment firm.  He is also the immediate past Chairman of the National Multi Housing Council (NMHC).  He testified on behalf of the NMHC and its joint legislative partner, the National Apartment Association (NAA) at the hearing on "Covered Bonds: Potential Uses and Regulatory Issues" held Sept. 15 by the U.S. Senate Committee on Banking, Housing & Urban Affairs.

If German Pfandbriefe (legislatively established covered bonds) are the "gold standard" for covered bonds, the Association of German Pfandbrief Banks (vdp) may be considered the bedrock of the Pfandbrief.  The vdp's 35 member institutions include many of Germany's best-known Pfandbrief issuers.