Morgan Stanley Dean Witter's residential mortgage deal for Mitsubishi Trust & Banking closed recently, in what is only the third public RMBS transaction from Japan (ASRI 5/8/2000 p.1).

The deal, which market pros in Tokyo said was well-received by investors, was worth 33 billion ($309 million) and marked a significant advance in an RMBS market that has not grown at the rate many hoped due to legal and technical difficulties.

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