TITLE

Debt Exchange Sets Portfolio Sale Dates

AUTHOR(S)
Terris, Harry
PUB. DATE
November 2008
SOURCE
American Banker;11/3/2008, Vol. 173 Issue 212, p11
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Debt Exchange Inc. has announced that it plans to sell $1 billion in loan portfolios by the middle of December 2008. The sales are divided into several tranches, including $518 million in nonperforming commercial real estate loans, $245 million in loans from southern California subdivisions, and $199 million in commercial real estate loans from failed banks.
ACCESSION #
35061998

 

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