SOUTHFIELD, Mich., April 5, 2012 /PRNewswire/ -- Multi-Bank Securities, Inc., (MBS) a Michigan-based fixed-income securities broker-dealer announced today that it has been approved to underwrite debt securities for the Federal National Mortgage Association (Fannie Mae) through their ACCESS® program.
"Fannie Mae securities and other U.S. Agency bonds are important components in the portfolios of credit unions, municipalities, counties, special districts and banks who are our clients," said Dave Maccagnone, MBS' founder and CEO. "This is an important step in the growth of Multi-Bank Securities, because it gives our clients more direct access to these securities."
Michael Drews, President at MBS said, "Although we have always offered Fannie Mae securities to clients, the underwriting approval allows us to customize specific bond structures to meet our clients' specific investment requirements. This designation compliments the services we already provide our clients and enhances our ability to expand our distribution."
MBS is an independent broker-dealer that has been serving credit unions, banks, municipalities, and other institutions across the country for more than 24 years. Through its underwriting desk, MBS is also a significant source of wholesale deposits to financial institutions. MBS is registered with the SEC and has an impeccable FINRA customer compliance record. For more information, visit the company website at http://www.mbssecurities.com.
SOURCE Multi-Bank Securities, Inc.