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Real Estate & Property Law

: Housing Wire

FDIC Completes Structured Sale of Toxic Assets

By DIANA GOLOBAY

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The Federal Deposit Insurance Corp. announced Thursday it had concluded the sale of $1.45 billion in toxic assets through two private-public partnerships. The distressed loans — performing and non-performing residential and commercial construction loans out of failed First National Bank of Nevada (which was closed by the Office of the Comptroller of the Currency in [...]

Full post as published by Housing Wire on February 26, 2009 (boomark / email).

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