In Brief: N.J. Auto Loan Servicer Securitizes $239 Million

The Aegis Consumer Funding Group said it completed a $239 million securitization, its first under a previously announced $1 billion master trust structure.

The subprime auto loan servicer said the master trust structure is designed to purchase up to $350 million of subordinated class B trust certificates, which will support the issuance of $650 million of class A trust certificates.

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