Banks Are Shedding Distressed Loans at Higher Prices, Faster Pace

March 1, 2013

Source: American Banker

Through the first two months of this year, sales of more than $5.2 billion of residential loans and $1.9 billion of commercial loans were announced, a pace that could lead to a 20% to 40% jump in overall sales this year, says David Tobin, a principal at Mission Capital Advisors.

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