Loan purchaser C-BASS last week priced its latest nonperforming loan transaction, a $327 million deal that brought its total "defaulted mortgage" securitization volume past the $1 billion mark.

So far, C-BASS has done eight defaulted-loan deals, each progressively larger. The first five were privately placed. The first public deal last year totaled $117 million. Then, early this year a second public transaction hit the tape at $196 million.

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