Relevant:
- Wall Street to Securitize Delinquent Loans. Because it went so well last time, I suppose.
- Kondaur to Snap up 28,000 Distressed Assets by Year’s End
- PrivateBancorp logs loan losses on CEO Richman's watch
- Fannie Mae to Begin Auctioning Defaulted Home Loans to Investors
- Kondaur Slashes Staff, Cites Lack of Available NPLs
2010-05-24 — reuters.com
"Wall Street firms in coming weeks will likely package delinquent loans into securities as a way to satisfy the higher yields demanded by investors, Jon Daurio, chief executive officer of distressed loan buyer Kondaur Capital Corp, said on Monday."
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