BFS mortgage bundle sold for $70.4 million.

NEW YORK - BFS Bancorp said it completed a $70.4 million securitization of multifamily mortgage loans.

BFS, the parent of Bankers Federal Savings, completed a similar, $62 million securitization last February. The moves were aimed at reducing risk-weighted assets and credit risk in anticipation of an increase in the risk-based capital requirement.

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