Countrywide to offer two-part $2 bln home-equity ABS


NEW YORK, Aug 22 (Reuters) - Countrywide Mortgage has issued price guidance for its two-part $2 billion home equity-backed deal, a source close to the deal said on Monday. Class No. 1A, for $880 million, carries a 2.23 year average life and is rated triple-A. It is not publicly offered. Class No. 2A, for $1.12 billion, also has a 2.23 year average life and is rated triple-A. Price talk is in the area of 20 basis points over one-month Libor. Countrywide Securities in the lead ...

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