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Out of the market since 1995, CIT MH paper makes it to primary market

Last week's $1.3 billion senior/subordinate manufactured housing ABS from a Lehman Brothers vehicle -- a portfolio of highly seasoned loans Lehman purchased from The CIT Group Inc. this summer - priced on Thursday. While the collateral is on Lehman Brothers' balance sheet, CIT will retain the servicing rights.

The...

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