Aames Closes $1.18B Deal

February 25, 2005, 3:00 p.m. EST 1 Min Read

Aames Investment Corp., Los Angeles, has closed a securitization and related offering by Aames Mortgage Investment Trust 2005-1 of approximately $1.18 billion of notes backed by nonconforming mortgage loans.The securitization consists of 17 classes of certificates paying interest rates linked to the London interbank offered rate. The lead managers of the securitization were Bear, Stearns & Co. and RBS Greenwich Capital. Aames can be found online at http://www.aames.net.

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