Loan marketplace DebtX signed another five-year agreement with the Federal Deposit Insurance Corp. to sell assets held in FDIC receivership.
DebtX completed more than 60 transactions totaling $4.8 billion for the FDIC since 2007.
The FDIC is only one of the many government entities that DebtX works with, including the U.S. Department of Housing and Urban Development as exclusive Transaction Specialist for Multifamily and Healthcare loan sales and Single Family Residential loan sales.
DebtX’s online marketplace is used for commercial real estate, commercial & industrial, residential and consumer whole loans.
The loan marketplace also provides valuation and analytics solutions that guide marketplace participants, helping them understand price and liquidity trends.