Fieldstone Closes $358M Securitization

Published April 13, 2007, 2:00 p.m. EDT

1 Min Read

Fieldstone Investment Corp., Columbia, Md., has announced the securitization by an affiliate, Fieldstone Mortgage Investment Corp., of approximately $358 million of notes.The assets of the trust -- Fieldstone Mortgage Investment Trust, series 2007-1 -- consist of two groups of conventional, adjustable- and fixed-rate mortgage loans secured by first and second liens on residential properties that were originated by Fieldstone Mortgage Co., the origination subsidiary of Fieldstone Investment. Credit Suisse Securities (USA) LLC is the lead underwriter for the transaction. Fieldstone can be found online at http://www.fieldstoneinvestment.com.

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