Loan sale

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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.

Sales act of selling a product or service in return for money or other compensation

Sales are activities related to selling or the number of goods or services sold in a given time period.

Contract agreement having a lawful object entered into voluntarily by multiple parties

A contract is a legally-binding agreement which recognises and governs the rights and duties of the parties to the agreement. A contract is legally enforceable because it meets the requirements and approval of the law. An agreement typically involves the exchange of goods, services, money, or promises of any of those. In the event of breach of contract, the law awards the injured party access to legal remedies such as damages and cancellation.

Cash physical money

In economics, cash is money in the physical form of currency, such as banknotes and coins. In bookkeeping and finance, cash is current assets comprising currency or currency equivalents that can be accessed immediately or near-immediately. Cash is seen either as a reserve for payments, in case of a structural or incidental negative cash flow or as a way to avoid a downturn on financial markets.

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.

Federal Deposit Insurance Corporation company

The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation providing deposit insurance to depositors in U.S. commercial banks and savings institutions. The FDIC was created by the 1933 Banking Act, enacted during the Great Depression to restore trust in the American banking system. More than one-third of banks failed in the years before the FDIC's creation, and bank runs were common. The insurance limit was initially US$2,500 per ownership category, and this was increased several times over the years. Since the passage of the Dodd–Frank Wall Street Reform and Consumer Protection Act in 2011, the FDIC insures deposits in member banks up to US$250,000 per ownership category.

See also

An Internet Data Exchange refers to the agreement between listing (Selling) Agents or Brokers and Buyers' Agents to display Multiple Listing Service properties online, across multiple websites.

A Commercial Information Exchange (CIE) is an Internet-based commercial property listing service that is operated by a local association to serve the local market. A CIE is the commercial real estate equivalent of the residential Multiple Listing Service. CIEs help commercial real estate professionals share information about commercial property, recent sale or lease transactions, market statistics, and contacts.

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The Reconstruction Finance Corporation (RFC) was a government corporation administered by the United States Federal Government between 1932 and 1957 that provided financial support to state and local governments and made loans to banks, railroads, mortgage associations, and other businesses. Its purpose was to boost the country’s confidence and help banks resume daily functions after the start of the Great Depression. The RFC became more prominent under the New Deal and continued to operate through World War II. It was disbanded in 1957, when the US Federal Government concluded that it no longer needed to stimulate lending.

Washington Federal

Washington Federal is a Washington Corporation headquartered in Seattle, Washington. The Company is a bank holding company that conducts its operations through a federally insured national bank subsidiary, Washington Federal, National Association ("Bank").

A savings and loan association (S&L), or thrift institution, is a financial institution that specializes in accepting savings, deposits, and making mortgage and other loans. The terms "S&L" or "thrift" are mainly used in the United States; similar institutions in the United Kingdom, Ireland and some Commonwealth countries include building societies and trustee savings banks. They are often mutually held, meaning that the depositors and borrowers are members with voting rights, and have the ability to direct the financial and managerial goals of the organization like the members of a credit union or the policyholders of a mutual insurance company. While it is possible for an S&L to be a joint-stock company, and even publicly traded; in such instances it is no longer truly a mutual association, and depositors and borrowers no longer have membership rights and managerial control. By law, thrifts can have no more than 20 percent of their lending in commercial loans — their focus on mortgage and consumer loans makes them particularly vulnerable to housing downturns such as the deep one the U.S. experienced in 2007.

Canada Deposit Insurance Corporation

The Canada Deposit Insurance Corporation is a Canadian federal Crown Corporation created by Parliament in 1967 to provide deposit insurance to depositors in Canadian commercial banks and savings institutions. CDIC insures Canadians' deposits held at Canadian banks up to C$100,000 in case of a bank failure. CDIC automatically insures many types of savings against the failure of a financial institution. However, the bank must be a CDIC member and not all savings are insured. CDIC is also Canada's resolution authority for banks, federally regulated credit unions, trust and loan companies as well as associations governed by the Cooperative Credit Associations Act that take deposits.

First Horizon National Corporation is a bank holding company based in Memphis, Tennessee. Its banking subsidiary, First Tennessee, is the largest bank in Tennessee and the 4th largest regional banking company in the Southeast. It is the 14th United States bank on the list of oldest banks in continuous operation. The company provides financial services including banking, wealth management, insurance, and trading services.

The main elements of Japan's financial system are much the same as those of other major industrialized nations: a commercial banking system, which accepts deposits, extends loans to businesses, and deals in foreign exchange; specialized government-owned financial institutions, which fund various sectors of the domestic economy; securities companies, which provide brokerage services, underwrite corporate and government securities, and deal in securities markets; capital markets, which offer the means to finance public and private debt and to sell residual corporate ownership; and money markets, which offer banks a source of liquidity and provide the Bank of Japan with a tool to implement monetary policy.

Regions Financial Corporation is a bank and financial services company headquartered in the Regions Center in Birmingham, Alabama. The company provides retail and commercial banking, trust, securities brokerage, mortgage and insurance products and services.

H.F. Ahmanson & Co. was a California holding company named after millionaire Howard F. Ahmanson, Sr. It was best known as the parent of Home Savings of America, once one of the largest savings and loan associations in the United States.

NetBank, formerly named Atlanta Internet Bank (1996) and Net.B@nk (1998), was a direct bank.

New York Community Bank

New York Community Bancorp, Inc. (NYCB) is a bank headquartered in Westbury, New York, with 225 branches in New York, New Jersey, Ohio, Florida, and Arizona. NYCB is on the list of largest banks in the United States.

Southeast Banking Corporation was a bank holding company based in Miami, Florida that owned 2 banks. On Friday, September 19, 1991, during the savings and loan crisis, as a result of bank failure, the bank was shut down by the Office of the Comptroller of the Currency. It was placed into receivership and the Federal Deposit Insurance Corporation (FDIC) was named receiver. Almost all of the assets of the bank were sold to First Union. The bank failure is notable since it is the one of the first instances of the FDIC liquidating a bank using loss sharing provisions.

Banner Bank is a Washington-chartered commercial bank headquartered in Walla Walla, Washington, with roots that date back to 1890. The bank provides services in commercial real estate, construction, residential, agricultural and consumer loans. It also provides community banking services through its branches and loan offices located in Washington, Oregon, Idaho and California.

Pacific Capital Bancorp was a bank headquartered in Santa Barbara, California. It had 47 branches, all of which were in Southern California. It operated under the name Santa Barbara Bank & Trust. The company also operated Morton Capital Management and R.E. Wacker Associates, investment advisory firms. In 2012, the company was acquired by MUFG Union Bank.

Old Stone Bank

Old Stone Bank was a popular Rhode Island banking institution that was founded in Providence in 1819 as a mutual savings bank that was called Providence Institution for Savings.

American Sterling Bank was a bank based in Sugar Creek, Missouri. On April 17, 2009, the bank was shut down by the Federal Deposit Insurance Corporation as a result of a bank failure and its assets were sold to Metcalf Bank.

Debt Exchange

The Debt Exchange ) is one of the world's largest loan sale advisors for the sale of commercial, consumer and specialty finance debt. Since its founding, DebtX has expanded to offer other products and services including loan valuation, analytics and CECL solutions as well as Web-based deal management platforms for use by syndication, agency and loan sale professionals.

Guaranty Bank was a bank based in Milwaukee, Wisconsin. It had 119 branches, 107 of which were kiosks in grocery stores and Walmart Supercenters. The bank operated in five states: Wisconsin, Illinois, Michigan, Minnesota, and Georgia. The bank also operated locations under the name BestBank. On Friday, May 5, 2017, as a result of bank failure, the bank was shut down by the Office of the Comptroller of the Currency. It was placed into receivership and the Federal Deposit Insurance Corporation was named receiver. The assets of the bank were sold to First Citizens BancShares.

Bank United Corporation, headquartered in Houston, Texas, was a broad-based financial services provider and the largest publicly traded depository institution headquartered in Texas before its merger with Washington Mutual in 2001. Bank United Corp. conducted its business through its wholly owned subsidiary, Bank United, a federally chartered savings bank. The company operated a 155-branch community banking network in Texas, including 77 in the Dallas/Fort Worth Metroplex, 66 in the greater Houston area, five in Midland, four in Austin, and three in San Antonio; operated 19 SBA lending offices in 14 states; was a national middle market commercial bank with 23 regional offices in 16 states; originated mortgage loans through 11 wholesale offices in 10 states; operated a national mortgage servicing business serving approximately 324,000 customers, and managed an investment portfolio. As of June 30, 2000, Bank United Corp. had assets of $18.2 billion, deposits of $8.8 billion, and stockholder's equity of $823 million.