BofA, Citigroup, JPMorgan Seeking Buyers for $4.5 Billion of Loans

February 16, 2015

Bank of America Corp., Citigroup and JPMorgan Chase & Co. have begun accelerating the sales of $4.5 billion worth of home loans, Bloomberg Business is reporting. According to Mission Capital Advisors, the loans are made up of various types of troubled debt, including nonperforming loans, home-equity lines of credit and some re-performing mortgages. “We’re seeing a lot of regional banks pick up loan sales in response to Basel III regulations,” Mission Capital’s managing director Luis Vergara told Bloomberg. Image via flickr/Andrew Magill Continue to original source.

By clicking submit, I authorize Insureshack and its affiliated companies to: (1) use, sell, and share my information for marketing purposes, including cross-context behavioral advertising, as described in our Terms of Service and Privacy Policy, (2) supplement the information that I provide with additional information lawfully obtained from other sources, like demographic data from public sources, interests inferred from web page views, or other data relevant to what might interest me, like past purchase or location data, (3) contact me or enable others to contact me by email with offers for goods and services from any category at the email address provided, and (4) retain my information while I am engaging with marketing messages that I receive and for a reasonable amount of time thereafter. I understand I can opt out at any time through an email that I receive, or by clicking here.