Loan sale
From Wikipedia, the free encyclopedia
A loan sale is a sale, often by a bank, under contract of all or part of the cash stream from a specific loan, thereby removing the loan from the bank's balance sheet.
Often subprime loans from failed banks are sold by the FDIC in an online auction format through companies such as The Debt Exchange.
[edit] External links
- Federal Deposit Insurance Corporation
- How to Buy & Sell Mortgage Loans & Pools of Loans
- How to Obtain a Car Loan
[edit] See also
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