Loan Sale

Posted by Jami Friday, July 24, 2009 at 4:38 AM

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.

 

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