I guess I was trying to read that while you already posted it, sorry for the duplication.
Specifically, I was trying to find out if the difference in amount is telling us anything.
Is $750M the investment quality portion of the mortgages?
Is that just a discounted price?
Is CD holding onto the $750M?
NEW YORK, NY, Dec 15, 2005 (MARKET WIRE via COMTEX News Network) -- C-BASS, the established leader in servicing and securitizing credit-sensitive residential mortgages, and an affiliate of MGIC (NYSE: MTG) and Radian Group Inc. (NYSE: RDN), today announced that on December 8, 2005 it closed on a transaction backed by approximately $824,000,000 of residential mortgage collateral. Citigroup, Merrill Lynch & Co., and Keefe, Bruyette & Woods underwrote the approximately $750,080,000 of investment grade certificates. The publicly issued transaction, Citigroup Mortgage Loan Trust, Series 2005-CB8 C-BASS Mortgage Loan Asset-Backed Certificates, represents C-BASS' eighth public whole loan securitization of 2005, and the largest to-date. |
