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United States : DebtX Signs New Five-Year Agreement with FDIC
Publish Date : 12-Jan-2013
DebtX, the largest marketplace for loans, today announced it has signed another five-year agreement with the Federal Deposit Insurance Corporation (FDIC) to sell assets held in FDIC receiverships.
Since December 2007, DebtX has executed more than 60 transactions for the FDIC totaling $4.8 billion.
The FDIC is one of several government entities that has engaged DebtX to dispose of assets. DebtX routinely sells loans for the U.S. Department of Housing and Urban Development (HUD) as exclusive Transaction Specialist for Multifamily and Healthcare loan sales and Single Family Residential loan sales. Additionally, DebtX is Financial Advisor on both the United States and European panels of NAMA, Ireland’s National Asset Management Agency.
DebtX’s online marketplace is the nation’s most liquid exchange for Commercial Real Estate, Commercial & Industrial, residential and consumer whole loans. DebtX’s loan sale team works with financial institutions on all aspects of the transaction, providing valuation, marketing, due diligence, and other support services. DebtX’s enterprise level technology enables sellers and buyers to execute transactions safely and securely. In addition to its trading capabilities, DebtX provides valuation and analytics solutions that enable marketplace participants to understand price and liquidity trends.
About DebtX - DebtX operates the world’s most liquid marketplace for loans. Through its loan sale advisory, valuation and analytics services, DebtX maximizes loan sale proceeds for financial institutions and government agencies. For syndication, agency, and loan sale professionals, DebtX provides a suite of web-based deal management solutions. DebtX is based in Boston, with offices across the U.S. and Europe.
