NovaStar concludes USD1.4bn asset backed securitisation

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NovaStar concludes USD1.4bn asset backed securitisation
NovaStar Financial Inc (NYSE: NFI), a residential mortgage lender and portfolio investor, on 5 June said that its subsidiary, NovaStar Mortgage Inc, securitised USD1.4bn of non-conforming mortgage assets.
Lead managers RBS Greenwich Capital, Wachovia Securities and Deutsche Bank Securities...

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