Pursuits
Mortgage Firm Tied to Hedge Fund Said to Plan First Bonds
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WinWater Home Mortgage LLC, a buyer of the loans affiliated with former Deutsche Bank AG banker Neil Ahuja’s Premium Point Investments LP hedge fund, is planning its first sale of bonds without government backing, according to a person with knowledge of the deal.
WinWater hired JPMorgan Chase & Co. and Bank of America Corp. to market the $249 million transaction tied to prime jumbo U.S. mortgages, said the person, who asked not to be named because the offering is private. The company intends to become a regular issuer of the debt, the person said.