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CUSO helps Affinity Plus sell 140M in mortgages
DENVER (1/20/12)--Mortgage Liquidity Solutions LLC (MLS), a multi-credit union owned credit union service organization (CUSO), has sold a $140 million portfolio of residential first mortgage loans using a loan participation structure for $1.5 billion asset Affinity Plus FCU, St. Paul, Minn.

Created in 2011, MLS provides liquidity solutions to credit unions and CUSOs for their residential mortgage lending programs.

The company assists credit unions with the sale of loan pools and provides liquidity via warehouse lines of credit to fund the sale of loans to approved take-out investors.


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