Credit-Based Asset Servicing and Securitization, LLC

335 Madison Ave Fl 19,
New York, NY, 10017-4611,
USA.

c-bass.com

How to reach Credit-Based Asset Servicing and Securitization, LLC

212-850-7700

Description

When the subprime market got fishy; C-BASS had to be thrown back. Credit-Based Asset Servicing and Securitization (C-BASS) purchased and securitized credit-sensitive and nonperforming single-family residential mortgages; investing in whole loans; subordinated securities; and properties on the verge of being foreclosed upon. It also developed loan-default management technology. In 2007 C-BASS boughtFieldstone Investment Corporation; which signalled the beginning of the end when Fieldstone's mortgage unit declared bankruptcy. C-BASS could not meet lenders' margin calls and had to throw in the towel itself and begin liquidation.

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