ATLANTA, March 21, 2017 — FIG Partners served as broker for a $9.3 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 of 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 assets to their balance sheets as well as sell loans to manage concentration risk.”
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.