Puerto Rico Program
The opportunity in Puerto Rico is similar to our REO and NPL programs in mainland U.S. but should offer more favorable risk/reward profiles from both a monetary and impact standpoint. HHI has recently established a local presence in Puerto Rico along with retaining local employees and partnerships. In addition, Marcos Morales, HHI’s executive director, has been elected to a 5-person steering committee to help drive the effort to rebuild Puerto Rico. We have already purchased several properties in Puerto Rico, and we have received several bank donations. We expect continued REO and NPL opportunities on the island going forward.