$4.5 Billion on Delinquent Debt ready to Hit the Market

Three of the nation’s largest mortgage lenders have put sizable packages of nonperforming and reperforming mortgage loans on the  market for investors to buy, according to New York Mission Capital Advisors. Bank of America has put up approximately $2.56 billion worth of delinquent debt for sale, including nonperforming loans, reperforming mortgages (those in which the borrower was 90 days orContinueContinue reading “$4.5 Billion on Delinquent Debt ready to Hit the Market”