Mike Hart, vice president of Collateral International Inc ., a subsidiary of Collateral Mortgage Ltd . of Birmingham, Ala ., said no group is tracking market activity.
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First Union Corp . and Merrill Lynch & AMP; Co . plan to sell about $ 1.14 billion in securities backed by commercial mortgage assets, said Cynthia Mann, collateral mortgage-backed bond trader at First Union in Charlotte, North Carolina.
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