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C-BASS Reperforming Deal Hits Market: May Be a Strong Year for Credit-Sensitive Product, Observers Say

In the wake of last week's launch of a $176 million reperforming-loan securitization by C-BASS and underwriters Merrill Lynch, market observers are saying that improving credit enhancement levels and a robust economy are making such "scratch and dent" collateral increasingly attractive to investors - possibly setting the stage for...

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