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Loan Modification

: Loan Modification & Home Loan News

FDIC Sells Florida Banks Bad Loans

By Moe Bedard

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The Federal Deposit Insurance Corp. on April 1 closed on the first of a series of sales of bad loans previously held by failed banks, including three in Florida. Charlotte, N.C.-based Roundpoint Mortgage Servicing Corp. had the highest bid of $34.4 million in an auction with eight other investment companies that bid for 50 percent ownership [...]

Full post as published by Loan Modification & Home Loan News on April 21, 2010 (boomark / email).

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