(Reuters) - C-BASS, which invests in the credit risk of subprime
residential mortgages, said it was exploring all options to
mitigate the liquidity risk in a difficult market.
The comments come after MGIC said it could be forced to
write down the entire value of a $516 million investment it
made in C-BASS, whose full name is Credit-Based Asset Servicing
and Securitization LLC.
Read more at Reuters.com Bonds News
residential mortgages, said it was exploring all options to
mitigate the liquidity risk in a difficult market.
The comments come after MGIC said it could be forced to
write down the entire value of a $516 million investment it
made in C-BASS, whose full name is Credit-Based Asset Servicing
and Securitization LLC.
Read more at Reuters.com Bonds News
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