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New C-BASS Deal Is Firm's Biggest.(Credit-Based Asset Servicing and Securitization L.L.C.)(Brief article)

Mortgage Servicing News

| April 01, 2006 | COPYRIGHT 2006 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

New York -- C-BASS here has closed on a transaction backed by approximately $951.6 million in residential mortgages in February.

J.P. Morgan, Deutsche Bank, Societe Generale and Merrill Lynch underwrote the approximately $937.3 million of investment grade certificates, C-BASS said.

The deal represents the company's largest public whole loan securitization to date.

Servicing of the underlying collateral is performed by Litton Loan Servicing, a wholly owned subsidiary of C-BASS.

...

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Source: HighBeam Research, New C-BASS Deal Is Firm's Biggest.(Credit-Based Asset Servicing and...

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