Jaymes Financial Selling $61 Mln in Delinquent Loans

Published January 12, 2010, 2:16 p.m. EST

1 Min Read

Jaymes Financial of Virginia is offering a $61 million portfolio of delinquent residential loans —an auction that is actually a "re-trade" of an earlier sale.

Jaymes Financial principal Andy Jaymes declined to identify the seller but noted that the $61 million is part of a $365 million sale of nonperforming loans sold by DebtX of Boston on behalf of the Federal Deposit Insurance Corp.

A majority of the package being offered by Jaymes Financial includes Florida condominium loans.

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