Fieldstone Investment, C-BASS subsidiary get New York approval for merger

By Laura Lutz

Des Moines, July 3 - Fieldstone Investment Corp. has received conditional approval from the State of New York for a merger with a subsidiary of Credit-Based Asset Servicing and Securitization LLC (C-BASS), according to a Fieldstone news release.

The companies are working to obtain final approval from the state.

They expect to complete the merger in mid-July.

Fieldstone is a mortgage company based in Columbia, Md., and C-Bass is a mortgage company based in New York.

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