 A Mortgage Pool is a collection of notes secured by deeds of trust. Investors invest in membership interests in the mortgage pool. Much like a mutual fund product, it’s a way for investors to pool their assets so they can participate in a variety of individual investments.
Rules for participating in mortgage pools are regulated by federal and state securities laws. Pools are limited by the number of participating investors, and sometimes restricted by state residency. There is a required minimum investment period of twelve months. Once this period has elapsed, withdrawals are handled on a request basis. There are no penalties for withdrawals. We can provide more detail on these restrictions if you choose a mortgage pool. |
