First Financial Network has launched marketing for its latest quarterly loan offering, involving 75 loans with a balance of $48 million that are being offered on behalf of three sellers. It's also selling 39 foreclosed properties with a value of $34 million.
FDIC is offering four portfolios containing 520 mixed-quality loans and loan participations with a balance of $174 million against a variety of collateral, including commercial real estate, from the failed Bank of Union of El Reno, Okla.
Banks continued to analyze their balance sheets carefully in 2011, evaluating the delicate relationship between moving loans to the held-for-sale accounting category and its potential impact on their stock price.
Bliss Morris, founder and CEO of First Financial Network Inc. of Oklahoma City, will moderate the note sales panel on Friday, May 4 at RealShare Distressed Assets. She talked with GlobeSt.com about trends in the area of loan note sales and offerings.
WASHINGTON, DC – Fannie Mae (FNMA/OTC) today announced the winning bidders for its eleventh non-performing loan sale. The sale includes approximately 7,500 loans totaling $1.23 billion in unpaid principal balance (UPB), divided among four pools.