WaMu B&C Deals to Use Different Shelf

Washington Mutual Inc., Seattle, has announced that it will securitize subprime mortgage loans originated by its Long Beach Mortgage division under its WaMu Asset Acceptance Corp. shelf registration in 2007.The name "Long Beach Mortgage Loan Trust" will no longer be used for new securitizations, WaMu said. The thrift noted that the WaMu Asset Acceptance registration is also used for its prime, alternative-A conduit, and subprime conduit securitizations. The new trusts will be designated "WaMu Asset-Backed Certificates, WaMu Series 200X-HEX Trust," WaMu said. Doug Potolsky, WaMu's senior vice president of subprime capital markets, said "many changes" have been made in Long Beach's business model and operations since it was consolidated into WaMu, and "this is a logical next step." The company can be found on the Web at http://www.wamu.com.