C-BASS Closes REMIC

July 13, 2004, 2:00 p.m. EDT 1 Min Read

C-BASS has completed a real estate mortgage investment conduit deal backed by approximately $395 million of residential mortgages.The REMIC -- C-BASS mortgage loan asset-backed certificates, series 2004-CB4 -- consists of about $377 million of publicly offered certificates underwritten by J.P. Morgan, Citigroup, and Blaylock & Partners LP, C-BASS reported. The servicer on the deal is Litton Loan Servicing LP, a C-BASS subsidiary. C-BASS can be found online at http://www.c-bass.com.

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