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MBS |
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The top rating reflects Fannie Mae credit enhancement of the mortgage backing the bonds through a collateral agreement and mortgage-backed security guarantee, triple-A-rated investments and healthy cash flow. Lucash said the first mortgage-backed security is expected to be issued this Fall. Other investment banks that have been willing to commit their own capital in order to guarantee obtaining their fair share of the lucrative Commercial Mortgage-Backed Security (CMBS) market include: Lehman Bros. |
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