Last week Banc of America Securities brought the follow-up $23.7 million net interest margin (NIM) to the $311 million ABFN 2002-1SB it brought the week prior, the collateral being Superior Bank-originated mortgages.

Superior was shut down by the Federal Deposit Insurance Corp. last year when it learned the bank was undercapitalized, mostly attributable to overvaluation of the residuals.

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