Majority of ALBA UK non-conforming RMBS to be sold

By Graham Bippart
16 Apr 2015

Credit Suisse is looking to sell nearly all of the ALBA 2015-1 UK non-conforming residential mortgage backed securities deal sponsored by hedge fund David Kempner Capital Management.

ALBA 2015-1 is backed by a portfolio of mostly interest-only first lien mortgages originated at the peak of the real estate market in 2006 and 2007 in the UK. The loans were most recently part of a portfolio backing ALBA 2013-1, which was called in January. The ...

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