Last week's $1.3 billion senior/subordinate manufactured housing ABS from a Lehman Brothers vehicle -- a portfolio of highly seasoned loans Lehman purchased from The CIT Group Inc. this summer - priced on Thursday. While the collateral is on Lehman Brothers' balance sheet, CIT will retain the servicing rights.

The pool is said to have obligors with relatively high FICO scores and an average seasoning of two to three years, compared to the average MH issue that has only one month of seasoning.

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