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.
