FDIC Sells Stake in Mortgage Pool to RoundPoint, RBS
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RoundPoint Financial Group bought a stake in $603 million of home mortgages from the Federal Deposit Insurance Corp. in at least the second deal the company has made with the agency disposing of assets from failed banks.
RoundPoint, along with RBS Financial Products Inc., acquired 40 percent of the equity of the loan pool, according to a statement today from the Charlotte, North Carolina-based buyer and servicer of distressed mortgages. Greg Hernandez, an FDIC spokesman, confirmed the sale.