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<a href="http://www.accessmylibrary.com/article-1G1-137452183/c-bass-completes-400.html" title="Facts and information about C-Bass Completes $400 Million Deal.(Credit-Based Asset Servicing and Securitization L.L.C.)(Brief Article)">C-Bass Completes $400 Million Deal.(Credit-Based Asset Servicing and Securitization L.L.C.)(Brief Article)</a>
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C-Bass Completes $400 Million Deal.(Credit-Based Asset Servicing and Securitization L.L.C.)(Brief Article)
New York -- C-BASS, a specialist in servicing and securitizing credit-sensitive residential mortgages, has closed a REMIC transaction backed by $431 million of residential mortgage collateral.
The REMIC deal, which closed Aug. 30, resulted in the sale of $399 million of investment grade securities, C-BASS said. Banc of America Securities and Barclays Capital underwrote the certificates.
The publicly issued transaction, C-BASS Mortgage Loan Asset-Backed Certificates, Series 2005-CB5, is the company's fifth public whole loan securitization deal of this year.
Servicing for the underlying ...
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