Centerbrook Completes 2nd Resecuritization

Centerbrook Financial LLC, a provider of credit intermediation products for the affordable housing industry, has announced the completion of its second transaction, providing a pool of credit default swaps in connection with the resecuritization of approximately $175 million of multifamily revenue bonds.Centerbrook said it has provided nearly $1 billion of credit default swaps on CharterMac bonds since its launching in late June. Centerbrook, which is 90% owned by a subsidiary of CharterMac, can be found online at http://www.centerbrookfinancial.com, and CharterMac can be found at http://www.chartermac.com.