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Non-Tech : Union Acceptance Corp. UACA

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To: Carey Thompson who wrote (25)3/21/1999 4:53:00 PM
From: Labrador  Read Replies (1) of 39
 
it is easy to have faith in the securitization due to the overcollateralization of loans and the excess spread. the bonds have an investment grade rating. the question is, nothwithstanding that they get sale treatment, will they realize their investment (balance sheet asset) and what discount rate did they use to value the retained piece(s)?
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