BEVERLY HILLS, Calif. - Hamilton, Carter, Smith & Co. said it has been retained as the exclusive broker for an $88 million portfolio of seasoned mortgages.

All the mortgages in the portfolio are secured by homes in Missouri. Some of the loans are fixed-rate, the others have adjustable rates pegged to a Treasury-based index.

The portfolio has an average interest rate of 7.529% and an average balance of $64,000. Bids are due to the California company at 4:00 p.m. Pacific time Friday.

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