GMAC Offers Some More CARATS

18 Apr 2007

GMAC is marketing a $1.9 billion securitization backed by auto receivables. The transaction, Capital Auto Receivables Asset Trust (CARAT) 2007-1, is underwritten by Deutsche Bank.

--Cathy Cunningham

GMAC is marketing a $1.9 billion securitization backed by auto receivables. The transaction, Capital Auto Receivables Asset Trust (CARAT)2007-1, is underwritten by Deutsche Bank, also the swap counterparty, and backed by prime auto loans secured by new and used vehicles. The contracts were originated or acquired ...

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