Browsing Tag:securitization

cerberus-resurrects-reverse-mortgage-securitization-market
Cerberus Capital Management hired Citibank to carry out the first public equity-released mortgage securitization since the global financial crisis. The deal, which was valued Thursday, consisted of a portfolio of loans acquired by distressed Northern Rock and Legal & General Group. Most of the interest paid in the coupon comes from underlying mortgage borrowers who die or...
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