0 minute readThe banking and mortgage subsidiaries of Intervest Bancshares Corp. sold $207m in nonperforming and under-performing assets. The sale included $187m in loans and $14.4m of real estate owned by Intervest National Bank, and $5.6m of loans owned by Intervest Mortgage Corp., a release said. The sale reduced Intervest’s total nonperforming and under-performing assets by 75%.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
