For the past few months rumors have circulated in the mortgage industry about a hedge fund or investment bank working on a plan to enter the jumbo securitization market. Now, we finally have a name.

PrinceRidge Group, a broker-dealer in New York founded last year by veterans of UBS AG, is in the laboratory, working on a plan either to issue bonds backed by newly originated jumbo loans or to hold them in a special investment fund.

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