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Firms Race to Build a Marketplace for Whole Loan Trades 

Apr 07, 2009By

(Update 1: corrects auction amount attributed to BigBidder.com) Early entrants are rushing into the business of facilitating the trade of distressed residential real-estate debt, as the number of troubled real estate loans continues to grow. While the space remains largely in its infancy, the firms trying to build a market for note trading say they hope the current crisis can help spur a more transparent marketplace for buying and selling whole loans.

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