C-BASS Launches New Corporate Web Site, C-BASS Online.NEW YORK--(BUSINESS WIRE)--Dec. 14, 1998-- www.c-bass.com C-BASS, a recognized leader in loss mitigation for delinquent residential mortgage loans, today announced that it has launched a new corporate Web site. The site, which is located at http://www.c-bass.com, provides information on C-BASS's targeted investments, specialty servicing capabilities, and recent company news items. The site will offer additional pages, currently in development, including default management reporting, C-BASS homes available for sale, and investor reporting for C-BASS securitization Securitization The process of creating a financial instrument by combining other financial assets and then marketing them to investors. Notes: Mortgage backed securities are a perfect example of securitization. May also be spelled as "securitisation. surveillance. In addition, the C-BASS Web site offers links to both MGIC MGIC Mortgage Guaranty Insurance Company MGIC Montana Geographic Information Council and Enhance Financial Services Group Inc., the company's financial partners as well as C-BASS' servicing unit, Litton Loan Servicing and seller finance subsidiaries, Wynwood, Inc. and South Plains Mortgage, Inc. "The focus of our Web site development is providing useful information about our core activities of purchasing and servicing delinquent residential mortgages along with access to loan level data through our proprietary technology," said Mark Bilodeau, CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. of C-BASS. "This will help our clients conduct loan sales more efficiently. In addition, it will enable our servicing clients to quickly process servicing transfers and accurately monitor the delinquency and loss mitigation status of their loans." he added. C-BASS is a New-York based company specializing in the servicing and purchasing of sub-performing and non-performing residential mortgage assets. C-BASS combines advanced credit risk analysis, seasoned loss mitigation expertise, and proprietary default management technology to provide specialty servicing for sub-performing and non-performing mortgage loans. Through its servicing operation, Litton Loan Servicing, C-BASS is an approved special servicer by Standard & Poor's. C-BASS is a limited liability company capitalized by MGIC Investment Corporation (NYSE NYSE See: New York Stock Exchange :MTG MTG Meeting MTG Mortgage MTG Magic: The Gathering MTG Mounting MTG Mind the Gap (London underground announcement) MTG Methanol To Gasoline MTG Manual Tank Gauging MTG Master Timing Generator MTG Micro Turbine Generator ), Enhance Financial Services Group Inc. (NYSE:EFS EFS Encrypted File System (Microsoft Windows 2000) EFS Event Free Survival (survival rates in clinical trials) EFS Evangeliska Fosterlandsstiftelsen (Sweden) ), and C-BASS management. MGIC Investment Corporation, based in Milwaukee, Wis., is the parent of Mortgage Guaranty Insurance Corporation Mortgage Guaranty Insurance Corporation (a subsidiary of MGIC Investment Corporation) NYSE: MTG is the largest provider of private mortgage insurance in the United States. (MGIC), the nation's leading provider of private mortgage insurance. Enhance Financial Services Group Inc. provides a broad range of products and services utilizing its credit-related analytic skills. |
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