Tag Archive | "AmTrust Bank"

FDIC Sells Pool of AmTrust Nonperformers for 37 Cents on the Dollar

Wednesday, July 21, 2010


By: Carrie Bay A three-party consortium of opportunists has purchased a stake in an $898 million pool of nonperforming residential loans that the FDIC seized from AmTrust Bank when it went under last December. The procurers – which include mortgage servicer Residential Credit Solutions, hedge fund CarVal Investors, and the Royal Bank of Scotland’s RBS […]

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