New C-BASS Deal Is Firm's Biggest
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.
C-BASS specializes in the acquisition, servicing and securitization of credit-sensitive residential mortgages.
C-BASS combines credit risk analysis, loss mitigation expertise and proprietary default management technology to provide special servicing and subprime mortgage servicing.
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