Company Description:
Established in 2001, South Street Securities is a FINRA-regulated broker/dealer that provides Mortgage Originators access to the capital markets and UST/AGENCY and Equity Financing Services. As a Tier 1 member of Fixed Income Clearing Corp (FICC) and MBSD, South Street self-clears all TBA transactions. South Street assists mortgage originators that need to hedge their forward pipeline exposure by allocating trading lines and margin to facilitate transactions, by providing liquidity for their custom pools, and by providing gestation finance for their loans.
Services offered:
TBA Trading lines, MBS Pool bidding, and Gestation Finance
Client’s minimum Net Worth Requirement:
$3MM minimum net worth
Client’s minimum Assets Under Management:
$50MM minimum NAV for Asset Managers