FDIC Workshops To Focus On Obtaining Failed Bank Assets

Posted by Orb Staff on September 24, 2012 No Comments
Categories : Residential Mortgage

12437_fdic FDIC Workshops To Focus On Obtaining Failed Bank Assets The Federal Deposit Insurance Corp. (FDIC) has announced a series of outreach workshops to provide information on how to invest in or purchase assets retained from failed financial institutions. The three workshops will be held in Chicago on Sept. 27, Los Angeles on Oct. 2 and New York on Oct. 16.

The half-day workshops will run from 8:00 a.m. until 1:00 p.m and will cover issues including the creation and operation of structured sales transactions, the pre-qualification process and information on how to participate in cash loan sales and real estate sales.

‘Our outreach workshops have been met with tremendous enthusiasm by investors,’ says Pamela Farwig, FDIC deputy director of the division of resolutions and receiverships. ‘The workshops are an example of our commitment to ensure that the structured sales transaction process is inclusive of all firms, large and small. We believe that expanding the investor pool will assist in minimizing losses to the Deposit Insurance Fund.’

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