Tag Archives: DebtX

In recent months, institutional investors seem to prefer buying non-performing loans instead of more solvent ones, according to David LeBlanc, managing director of capital markets at DebtX. LeBlanc said that this action is thought to be caused by the decreasing margins available in real estate acquisitions. These types of loan sales are expected to increase as a result of new regulations that are forcing depository institutions to shed their bad loans to avoid increased holding costs and reserves.

DebtX, based in Boston, Massachusetts, has partnered with SEBA Professional Services will sell a $5 billion portfolio of non-performing residential loans for HUD.