United Companies Financial Corp. securitized more than $728 million of home equity loans last week.

The transaction was segmented by quality of loans backing the deal in a "senior-subordinate" structure.

Tranches were rated from AAA to BBB by Fitch Investors Service.

The ratings reflect the "legal and financial structures" and the servicing abilities of United Companies as lead servicer and EMB Mortgage Corp. as substitute servicer, Fitch said.

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