Subprime mortgage REITs Aames Investment Corp., ECC Capital Corp. and NovaStar Financial Inc. each offered more than $1 billion apiece of ABS recently, as well as a myriad of other news.

Encore, run by a group of former executives at subprime lender New Century Financial Corp. completed its initial public offering in February. The company reported an $8.2 million, or $0.13 per diluted share, core net loss in the first quarter.

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