By Jennifer Hodson
Dow Jones Newswires, January 29, 2008
Oriental Financial Group Inc. (OFG) and Citigroup Inc.'s (C) Primerica Financial Services formed an alliance in which Oriental will supply a mortgage platform and related services for Primerica's program to market home loans in Puerto Rico.
Oriental Financial, a San Juan financial holding company, said the Primerica deal will provide a new distribution channel for its mortgages.
Oriental Financial said it doesn't own or originate subprime single-family home loans.