OKLAHOMA CITY, Sept. 3, 2014 /PRNewswire/ — First Financial Network, Inc. (FFN) today announced the offering of a total of $90 million in performing and non-performing loans. The portfolio is being marketed on behalf of the Federal Deposit Insurance Corporation (FDIC) and includes loans from multiple failed financial institutions.
The portfolio consists of approximately 129 performing and non-performing residential, commercial real estate, consumer and business asset loans and loan participations. Online due diligence will be available beginning September 22, 2014 to qualified bidders at www.ffncorp.com with bids due on October 21, 2014. The loans have been stratified into pools based on collateral type and performance.
Bliss Morris, Founder and CEO of FFN, said, "We look forward to marketing this diverse portfolio on behalf of FDIC and are confident that this sale will garner significant secondary market interest."
For additional details regarding the offering, please call 405.748.4100 or visit www.ffncorp.com.
About First Financial Network
Since its founding in 1989, FFN has defined the loan sale industry, selling billions of dollars in loans and other assets in 28 countries. In addition to loan sales, the company provides data normalization, loan file imaging and indexing, loan valuation, compliance reviews and due diligence services to banks, agencies of the Federal government, foreign banks and other lenders. The company's online Loan Sale Network™ platform and Metrics, an integrated due diligence analytics system, are used in conjunction with exceptional marketing techniques to achieve optimal value in today's secondary market. For further information, call 405.748.4100 or visit www.ffncorp.com.
Contact:
Merrie Duncan – 800-245-8695 – Email