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Total Unpaid Balance of Loans $65,088,163
Total Dollar Amount of Bids $233,990,145
Total Dollar Amount of Bids $233,990,145
LoanMarket.net - California's Largest Marketplace for Whole Loans
Dow Jones: New Trading Platform For Mortgage Securities To Launch May 1
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New Trading Platform For Mortgage Securities To Launch May 1 By Kate Haywood
Of DOW JONES NEWSWIRES
21 April 2009
NEW YORK (Dow Jones)--A new trading platform for mortgage securities that have been gumming up banks' balance sheets is set to go nationwide next month.
California-based LoanMarket.NET plans launch an online marketplace for buying and selling real estate-secured note investments on May 1, according Jeff Freud, the firm's founder and president. LoanMarket.NET launched the trading platform in California earlier this month. The aim is to bring some liquidity, and pricing transparency to this traditionally opaque market ahead of government's proposed plan to help private investors buy these loans and securities from banks.
Read full article here: http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=200904211207dowjonesdjonline000462&title=new-trading-platform-for-mortgage-securities-to-launch-may-1
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FEATURED LISTINGS
State: Indiana
Listing Price: $0
Lien Position: 1st
LTV: 43.75%
Note Rate: 7%
State: Missouri
Listing Price: $0
Lien Position: 1st
LTV: 0%
Note Rate: 8.75%
State: Illinois
Listing Price: $0
Lien Position: 1st
LTV: 0%
Note Rate: 6.625%