Contifinancial Corp., this week sold $45.9 million in certificates backed by subprime auto loans.

The loans were originated by Contifinancial's Triad Financial Corp., Huntington Beach, Calif. The transaction was structured as a senior- subordinate deal, with loans divided into three classes of fixed-rate certificates.

Triad, which originated $49 million in auto loans last year, will continue to service the loans.

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