As Rivals Go Bankrupt, One Mortgage Co. Avoids Court
C-Bass — an issuer, service and investor that specializes in credit-sensitive residential mortgage assets — announced its final reorganization on Monday, less than five months after it realized it could not meet the payments for its margin calls and appeared on the sure brink of bankruptcy.
“This was extraordinarily unusual, and it happened because C-Bass has some fundamentally different virtues that other mortgage companies don’t have,”...
To view the full article, register now.
Try Law360 FREE for seven days
Already a subscriber? Click here to login