Friday, April 10, 2015
MLCFC 2006-4: A bad deal gets some good news
Park LaBrea apartments in L.A. paid off with $18MM of yield maintenance, giving someone at Freddie Mac a good day. Shortfalls were replenished down to class G. Still, there were $60MM in losses on two other crap loans, which fully wrote down class H. Still not an AJ I would recommend to Grandma!
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