'Near Prime' Precise Mortgages Piques UK Investor Interest

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'Near Prime' Precise Mortgages Piques UK Investor Interest

Charter Court Financial Services’ first-ever securitization of non-prime U.K. mortgages, Precise Mortgage Funding No. 1, has attracted strong demand from investors, and the borrower plans to use the residential mortgage-backed securities market on a regular basis, according to an official at the firm.

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