C-Bass Files For Chapter 11

15 Nov 2010

Credit-Based Asset Servicing and Securitization, one of the first firms to package subprime mortgages into securities, has filed for Chapter 11 protection.

Credit-Based Asset Servicing and Securitization, one of the first firms to package subprime mortgages into securities, has filed for Chapter 11 protection. The 14-year-old C-Bass had exited securitization and servicing three years ago as part of a restructuring to keep in business. Despite expectations that it would have ...

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