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.
First Financial Network, Inc. (FFN) announced the start of due diligence for the sale of $47 million in loans on behalf of the Federal Deposit Insurance Corporation (FDIC).
Whole loan brokerage First Financial Network is departing from the industry standard "all-or-nothing" approach with two loan pools currently out for the bid, said Merrie Duncan, the Oklahoma City firm's marketing director.
First Financial Network Inc. launched its customized Loan Sale Network, which was developed to help financial institutions and investors in marketing and acquiring large portfolios or individual loans.