Mission Capital Advisors, a loan sale advisory firm, has been capitalizing on what you might call the upside of downside for a few years now. As banks increasingly look to get underwater real estate loans off their books, the secondary market for those loans has exploded. Since the beginning of 2009, some $74 billion of loans (as measured by unpaid principal balance, or UPB) have traded hands in the secondary market. Mission had advised on $9.3 billion of those sales, in 114 different transactions.
Source: CNN Fortune