Tuesday, 26 July 2016
Last updated 9 hours ago
Sep 11 2008 | 11:33am ET
Hedge funds bogged down with mortgage portfolios can either refinance or exit their portfolios entirely thanks to a New York-based mortage lender.
Lend America said it has launched an exit strategy to help Wall Street firms and hedge funds quickly monetize their residential mortgage portfolios by refinancing performing mortgages or exiting non-performing ones entirely.
“Many investors are looking for instant liquidity or increased cash flow from mortgage investments in this challenging environment,” said Michael Ashley, chief business strategist. “Lend America has the origination and marketing platforms, FHA expertise and geographic penetration to help investors quickly turn a mortgage portfolio into cash and improve investment performance.”