WMD Capital Markets, Santa Barbara, Calif., has announced the purchase by an investment affiliate of approximately $65 million of single-family mortgage loans secured by properties in Massachusetts. The purchase by the affiliate, GI-XXVI, was made as part of an affordable loan modification and foreclosure prevention agreement with Massachusetts Attorney General Martha Coakley. WMD Capital said GI-XXVI will offer borrowers the option of adjusting their monthly mortgage payment to an affordable level or receiving a payment that can be used for relocation costs. The company can be found online at http://www.wmdcapital.com.
Processing Content
