Loan sale
A loan sale is a sale, often by a bank, under contract of all or part of the cash stream from a specific loan, thereby removing the loan from the bank's balance sheet.
Often subprime loans from failed banks in the United States are sold by the Federal Deposit Insurance Corporation (FDIC) in an online auction format through companies. Performing loans are also sold between financial institutions.
See also
External links
This article is issued from Wikipedia - version of the Sunday, March 15, 2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.