DebtX, the biggest marketplace for loans, is selling $550 million in performing and non-performing loans. The Federal Deposit Insurance Corp. and financial institutions tapped mortgage marketplace DebtX to sell off the loan. The deal includes a $111.9 million offering for a bank in the South and $74.6 million offering for a top-tier U.S. bank. Some of the remaining offerings are for lenders in the Midwest, Northeast and Pacific Northwest.
Click here for the release from Business Wire.