ATLANTA, March 7, 2017 — FIG Partners served as broker for an $11.3 million sale of residential mortgage loans between two of its financial institution clients.
The loans consisted of a pool of hybrid ARMs. The seller will retain the servicing on the portfolio.
FIG’s Senior Vice President and Head of Whole Loan Trading, Amy Boothe-Fuentes, was responsible for the transaction.
“We continue to see strong demand for the high-quality loans we are offering through the FIG platform,” said Boothe-Fuentes. “FIG’s loan sale group is focused on helping financial institutions purchase loans to add high-quality assets to their balance sheets as well as sell loans to manage concentration risks.”
FIG serves its clients with advisory and broker services for whole loan and other fixed-income and balance sheet management transactions.
To learn more about FIG Partners’ whole loan trading capabilities, visit www.figpartners.com.