$98MM HEL Securitization Closed

Published July 02, 1998, 1:00 p.m. EDT

1 Min Read

In a related development, American Residential Investment Trust has closed a $98.1 million securitization of adjustable-rate home equity loans.American Residential Home Equity Loan Trust 1998-1 consisted of four classes of adjustable-rate certificates using a senior/subordinated credit enhancement structure. The deal was closed through a company affiliate, American Residential Holdings Inc. Bear Stearns Asset Backed Securities Inc. acted as depositor for the trust, and Bear Stearns & Co. Inc. was the lead manager on the transaction.

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