- Source: Loan sale
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 in the United States are sold by the Federal Deposit Insurance Corporation (FDIC) in an online auction format through companies. Performing loans are also sold between financial institutions.
See also
Internet Data Exchange (IDX)
Commercial Information Exchange
External links
Federal Deposit Insurance Corporation
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- Kalimantan Selatan
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- Allianz
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- Loan sale
- Loan
- Chris Larsen
- Floor loan
- Mortgage
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- Due-on-sale clause
- Debt Exchange
- Bill of sale
- Mortgage broker