|
|
Transaction Highlights: We have purchased assets from performing to non-performing and REO, first and second lien residential mortgage loans located nationwide totaling approximately $1.37 billion.
 |
| |
Targeted Assets: We add value at every stage from deal sourcing and managing risks to repositioning and restructuring portfolios. Targeted assets include subprime residential properties, manufactured housing and commercial properties.
|
| |
In July 2008 WMD Capital Markets Purchases $65 Million in Massachusetts Mortgages.
Deal Offers Homeowners New Financial Alternatives
|
| |
|
|
Why would WMD Capital want to buy assets where borrowers have no equity?
by David L. Solomon
Second liens and sub-prime borrowers were not invented in 2005, even though it may seem that way. For decades, the market has had many different and successful second lien loan programs. Borrowers with less than perfect credit could get second lien mortgage loans provided that the combined loan-to-value ratio of the first and second liens was 80% or less.
|
