Buy and Sell Whole Loans
In 2009, SecondMarket launched its secondary market for whole loans to create liquidity and unlock value in an otherwise fragmented market. Leveraging our sophisticated online platform and experience market specialists, SecondMarket creates a competitive, transparent and independent marketplace to buy and sell whole loans.- Sellers gain access to large and specialized buyer base
- Buyers can access unique investment opportunities
- 60 second sign up form to apply for FREE access
Market News
Aug 31 2010
High-Grade Bonds Whip Junk; GM Sets Loan Terms: Credit Markets — noir.bloomberg.com
- Returns on U.S. investment-grade corporate bonds are pulling ahead of junk-rated debt as credit investors turn to borrowers likely to weather a slowing economy
- Investment-grade bonds are up 9.7 percent this year, topping the 8.5 percent for junk notes, the widest gap since credit markets seized up in 2008.
- Yields on investment-grade bonds average about 4.71 percentage points less than junk, compared with 3.76 percentage points in April, showing that investors perceive less risk to owning the debt.
- Disposable incomes, or the money left over after taxes, dropped for the first time since January after adjusting for inflation.
Jul 8 2010
To Fix Sour Property Deals, Lenders 'Extend and Pretend' — online.wsj.com
- The new practice of banks stretching out maturities or allowing below-market interest rates has slowed a spike in defaults., skeptics call it “extend and pretend”
- It has also helped preserve banks’ capital, by keeping some dicey loans classified as “performing” and thus minimizing the amount of cash banks must set aside in reserves for future losses
- However, the main concern here is that rampant modification of souring loans masks the true scope of the commercial property market weakness, as well as the damage ultimately in store for bank balance sheets
Oct 7 2009
Starwood, TPG Said to Win Auction for Corus Assets — www.bloomberg.com
- Group led by Starwood Capital Group, that included TPG, won bidding for assets of Corus Bankshares Inc.
- Corus had a $5.4 billion commercial real estate loan portfolio
