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New name Homestar plans Alt-A MBS issuance program

Homestar Mortgage of Paramus N.J. is planning its first term securitization, tentatively scheduled for early in the fourth quarter, a company official confirmed. The inaugural offering, backed by Alt-A collateral, will be roughly $200 million in size via a yet-to-be disclosed underwriter. Also, Homestar is setting up a $300...

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