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Assets Available for Sale

Securitizations

New South funds its lending activities primarily through deposit gathering and advances from the Federal Home Loan Bank. However, in recent years, another significant source of funding for New South has been the sale of residential mortgage and automobile loans in the secondary market through securitizations or whole loan sales. New South also sells construction loan participations and commercial real estate loans.

Since 1993, New South has issued six auto loan securitizations and formed five public REMIC securitizations backed by nonconforming mortgages. These transactions continue to demonstrate the market’s acceptance of both New South’s products and its servicing expertise. Shown here are the details of some of the transactions that have taken place over the last few years.

For more information on any of the above assets that are available for sale, please call Jim Park at (205) 951-7384 or Amanda Shires at (205) 951-4447


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