Credit-Based Asset Servicing and Securitization LLC

Credit-Based Asset Servicing and Securitization LLC

In 2007 C-BASS bought Fieldstone Investment Corporation, which signaled the beginning of the end when Fieldstone's mortgage unit declared bankruptcy. C-BASS could not meet lenders' margin calls and had to throw in the towel itself and begin liquidation. It filed for Chapter 11 bankruptcy in November 2010. When the subprime market got fishy, C-BASS had to be thrown back. Credit-Based Asset Servicing and Securitization (C-BASS) purchased and securitized credit-sensitive and nonperforming single-family residential mortgages, investing in whole loans, subordinated securities, and properties on the verge of being foreclosed upon. It also developed loan-default management technology.

Contact Details

Office Address

Credit-Based Asset Servicing and Securitization LLC
335 Madison Avenue, 19 Fl.
New York, NY, USA 10017
Phone: (212) 850-7700
Fax: (212) 850-7760

Executives

Co-CEO

Bruce Williams

Co-CEO

Saul Sanders

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