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: Banking Law Prof Blog

FDIC Completes First Sale of "Legacy Loans" AKA "Toxic Assets"

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Yesterday, FDIC announced the winning bidder and explained the process for the Pilot sale of "legacy loans." This package of legacy loans involves the unpaid principal balance of $1.3 billion in residential mortgage loans acquired by FDIC through the failure...

Full post as published by Banking Law Prof Blog on September 17, 2009 (boomark / email).

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