News

Money Managers steps on mortgage trusts

Thursday 7th of September 2000
Money Managers has launched a set of four mortgage trusts that it says will blow away contributory mortgages.

The First Step trusts are allowed to invest in capital secure first mortgages, contributory mortgages, other first and second mortgages, debentures and mezzanine debt.

Essentially, they will pool many of the types of investments, such as property bonds and contributory mortga...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.