Newcomer OneSavings Bank Places Inaugural U.K. RMBS

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Newcomer OneSavings Bank Places Inaugural U.K. RMBS

OneSavings Bank, which conducts business in the U.K. mainly under the Kent Reliance Building Society name, has sold its first ever U.K. residential mortgage-backed securities deal, a privately placed club transaction that is backed mainly by non-conforming loans originated in 2007.

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