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Entries Tagged ‘debt exchange’

U.S. startup opens exchange for distressed home debt

SAN FRANCISCO, Aug 14 (Reuters) - A public online exchange for subprime home and consumer loans opens for business on Friday, aiming to fill a niche by providing open, centralized bidding for investors in packages of smaller debt.
Start-up DebtMarket hopes to do for subprime home and consumer loans what online retailers have done for merchandise, [...]

More Auto-Loan Books Up For Grabs

Source: ABAlert.com
A buzz is emerging that regional banks and financing shops
are increasingly seeking buyers for auto-loan portfolios they
originally intended to keep on their books.
The identities of the companies putting loans up for grabs
isn’t clear, but lenders that fit the profile to be sellers include
Huntington National of Columbus, Ohio, and PNC Financial of
Pittsburgh. Potential buyers include [...]