C-BASS Completes $435MM REMIC

Published December 23, 2003, 3:00 p.m. EST

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C-BASS, New York, has completed a real estate mortgage investment conduit deal backed by approximately $435 million of residential mortgages.The REMIC -- C-BASS Mortgage Loan Asset-Backed Certificates, Series 2003-CB6 -- consists of about $414.6 million of publicly offered certificates underwritten by RBS Greenwich Capital, GMAC RFC Securities, and Blaylock & Partners, the company said. The servicer on the deal is Litton Loan Servicing LP, a C-BASS subsidiary. C-BASS specializes in acquiring, servicing, and securitizing "credit-sensitive" residential mortgages. The company can be found online at http://www.c-bass.com.

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