Last week, FeatherStone, a private equity firm that is not exactly a household name, queue jumped when it said it was ready to go with its first securitization of debt financing repossessed single family homes.

Despite announcing in its press release that a deal would be ready in “weeks,” FeatherStone told ASR in an interview that it has yet to select a ratings agency to rate the deal, nor has the group selected a lead underwriter to lead the transaction.

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