United Western Sells $47.3 Mln In MBS

02 Jul 2009

United Western Bancorp has sold mortgage-backed securities with an unpaid principal balance of $47.3 million.

United Western Bancorp has sold mortgage-backed securities with an unpaid principal balance of $47.3 million. The sale consisted of lower tranche MBS secured primarily by “option-adjustable-rate” mortgage loans to an unaffiliated third party. The company received for the option ARM securities $378,000, and expects to take a pretax ...

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