CastleOak Securities Establishes TARP Team

Investment bank CastleOak Securities LP has created a dedicated team of professionals to assist the Treasury Department, its agents and contractors in the acquisition, management and disposition of the financial institution assets that are the focus of the federal government's Troubled Asset Relief Program (TARP).

‘Our principals have done significant work for Fannie Mae, Freddie Mac, Ginnie Mae and the Resolution Trust Co., amongst other government-related entities,’ says David R. Jones, president and CEO of CastleOak. ‘Our TARP team has significant experience in working with clients that buy and sell hard-to-value illiquid assets.’

CastleOak's specialists have a combined 75 years of experience in the securitization and derivatives market selling agency securities, including Ginnie Mae mortgage-backed securities (MBS), and providing legal representation to mortgage bankers regarding secondary market issues as well as government issuers of residential and multifamily MBS.

Source: CastleOak Securities

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