Presale reports are out on the first jumbo securitization for FirstKey Mortgage LLC, a new player in the market linked to Cerberus, an investor in pre-downturn jumbo securities market participants such as ResCap.

The chairman of FirstKey's parent company, Keith Tietjen, is chief operating officer of Cerberus Operations and Advisory Co. LLC. He also was chief restructuring officer of GMAC ResCap from 2008 to 2009.

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