Bank Distressed-Loan Sales Set To Surge

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

  • 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. Experts predict $3 billion to 410 billion of the loans could reach the market this year.

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