NASCOR Offers $250MM Deal

Published August 04, 1998, 1:00 p.m. EDT

1 Min Read

Norwest Asset Securities Corp., Frederick, Md., has announced an approximately $250 million securitization of fixed-rate 20- and 30-year relocation mortgage loans.Credit enhancement for NASCOR Mortgage Pass-Through Certificates, Series 1998-22 will be provided through the use of a senior/subordinated structure. The underwriter is Lehman Brothers, and the transaction is scheduled to settle on Aug. 27. Issuance and post-issuance information will be available after settlement from the SecuritiesLink Advanced Information Services website (http://www.securitieslink.net).

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