Bank Distressed-Loan Sales Set To Surge

15 Feb 2013

Banks will likely increase their efforts to unload large volumes of distress loans in 2013, according to Stanford Kurland, chairman and ceo of PennyMac.

Banks will likely increase their efforts to unload large volumes of distress loans in 2013, according to Stanford Kurland, chairman and ceo of PennyMac. Experts predict $3 billion to 410 billion of the loans could reach the market this year.

Click here to read the story from ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial