DeltaCredit Closes Largest Russian USD RMBS

20 Jun 2007

DeltaCredit Bank, a subsidiary of Société Générale, closed the largest residential mortgage-backed security denominated in U.S. dollars to date. The $206.3 million deal, called Red & Black Prime Russia MBS No. 1 Limited, is secured by 3,007 prime Russian residential mortgage loans, originated directly by DeltaCredit Bank and ...

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