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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (26779)	2/19/2005 11:02:05 PM
From: ild	Respond to of 110194

Google found this about C-BASS: businessweek.com Formed in 1996, C-BASS specializes in buying subprime mortgages. It then stays on top of borrowers to keep payments coming, while also bundling some mortgages for sale as bonds. and this: securitization.net Interesting site: securitization.net I also again commend to you the entity mentioned previously in earlier writings. I point to that strange “piscatorial” venture “C-Bass” jointly owned by a couple of outstanding Mortgage Insurance entities, MGIC and Radian. They do “re-performing mortgages”. Constituting a large and growing part of earnings for their parents, this curiosity is obviously relying on the self-reinforcing housing bubble for valuations permitting the prestidigitation necessary to turn non-performing dross into “re-performing gold”. archives.econ.utah.edu