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Article: American Business Financial Services, Inc. Closes $80.0 Million Securitization Of Mortgage-Backed Securities.
- Article from:
- PR Newswire
- Article date:
- December 8, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Company Continues to Achieve Outstanding Securitization Ratings
BALA CYNWYD, Pa., Dec. 8 /PRNewswire/ -- American Business Financial Services, Inc. (Nasdaq: ABFI) announced today that through its three main subsidiaries, American Business Credit, Inc., Upland Mortgage, and New Jersey Mortgage and Investment Corp., it has closed an $80.0 million securitization of business purpose and consumer residential mortgage loans. The transaction was underwritten by Prudential Securities, Inc. The Company also reiterated its goal of completing one securitization per quarter.
"The market for ABFI's securitizations remains strong. This strength is due to the high ...
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