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Non-Tech : Investing in Real Estate - Creative Opportunities

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From: E_K_S11/13/2014 12:48:18 PM
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bruwin

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Bank of America, Citigroup Said to Sell Soured Home Loans

Bank of America put about $1 billion of troubled debt on the market last week, consisting of nonperforming loans and some where payments have resumed, said the people, who asked not to be identified because the offerings are private. The Charlotte, North Carolina-based lender also is marketing about $1 billion of soured home loans with Wells Fargo & Co., according to one of the people. Citigroup is separately selling about $1 billion of nonperforming and re-performing mortgages, the people said.
I wonder what % of those sour loans represent BAC's total portfolio? I still think all the big banks still have quite o few of these non-performing loans many which they are hiding in their balance sheet.

EKS
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