Countrywide Named Replacement Manager For Two CDOs

Countrywide Alternative Asset Management has taken over as manager for two collateralized debt obligations that have hit event of default, Broderick CDO III and Longshore CDO 2007-3.

  • 18 Apr 2008

--Aaron Johnson

Countrywide Alternative Asset Management has taken over as manager for two collateralized debt obligations that have hit event of default, Broderick CDO III and Longshore CDO 2007-3. Further details could not immediately be gleaned and Countrywide officials did not return calls.

Broderick is underwritten by Merrill Lynch and ...

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