Advertisement
Home About Us Contact Us Magazine Subscribe Now
Welcome to TheMReport.com—News and strategies for the evolving mortgage marketplace. Mon May 20, 2013
Origination Analytics Servicing Secondary Market Technology Processing Administration
Investors Lenders & Servicers Service Providers Attorneys & Title Companies Agents & Brokers

FDIC Searches for Investors to Buy Up Bad Assets

The FDIC wants you to help it unload its bad assets – and by you, we mean only investors. And by investors, the agency is searching for women and minorities in particular.

According to a recent release, the FDIC will conduct a number of workshops for interested investors on how to go about buying assets from failed banks.

The agency will hold these to-dos in Chicago, Los Angeles, and New York across September and October.

Workshops will touch on issues like structured sales transactions, pre-qualification processes, and details about the Small Investor Program and Investor Match Program.

“Our outreach workshops have been met with tremendous enthusiasm by investors. The workshops are an example of our commitment to ensure that the structured sales transaction process is inclusive of all firms, large and small,” Pamela Farwig, deputy director of the FDIC’s division of resolutions and receiverships, said in a statement. “We believe that expanding the investor pool will assist in minimizing losses to the Deposit Insurance Fund.”

The agency continues to unwind from the bulk of bank failures that taxed its Depository Insurance Fund. Many of the failures left it with a load of assets that it often sells to recover losses.

Are you an investor? If so, does these kinds of workshops help you? Send your thoughts to editor@themreport.com for a chance to appear in our monthly magazine.


Author: Ryan Schuette Date: 09/21/2012 Tags: Bank Failure, FDIC Category: Analytics, Origination, Processing, Secondary Market, Servicing Users: Agents & Brokers, Investors, Lenders & Servicers, Service Providers

Friend's Name


Friend's Email*


Your Name


Your Email*


Security Code


Enter security code*

Message


Advertisement

Advertisement

Sign up for daily e-mail updates.



Looking for more out of MReport? You can always pass on your knowledge, news tips, and story ideas to be considered for TheMreport.com or the MReport magazine.

Simply e-mail MReportEditor@TheMReport.com.

We appreciate your time and contribution. Whether you choose to tell us a little about yourself or prefer anonymity, we want to hear from our readers!


Advertisement
About Us

TheMReport.com keeps you informed through daily Web casts, community forums and a wide range of industry resources. With one click to TheMReport.com, the Mortgage Origination industry is at your fingertips!

Home About Us Contact Us Magazine Subscribe Now