Stroud & Swindon Building Society has completed a book purchase of mortgage assets from specialist lender Edeus it was announced today.
The move makes Stroud & Swindon Edeus’ fifth trading partner on its whole loan trading programme. Stroud & Swindon has been active in buying mortgage assets since the early 1990s and has experience in choosing originators with sustainable mortgage assets. Commenting on the deal, Michael Bolton, CEO of Edeus, says: “This deal with Stroud & Swindon shows there is still appetite for good quality mortgage assets in the secondary market.” He says originators who take on a prudent approach and produce good quality assets will see a marked improvement in business outlook during 2008, after a do...
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