Investec RMBS Will Be Subprime-Free

27 Sep 2010

Investec’s recently announced £200 million ($314.3 million) Kensington residential mortgage-backed securities will not contain any subprime loans, according to a bank spokesman.

Investec’s recently announced £200 million ($314.3 million) Kensington residential mortgage-backed securities will not contain any subprime loans, according to a bank spokesman. The spokesman, denying earlier reports that there would be subprimes in the securitization, said the deal with be a combination of Kensington mortgages and others acquired ...

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