OKLAHOMA CITY- Amid the saving and loan meltdown and formation of the Resolution Trust Corp. in 1989, Bliss Morris left the employ of the Federal Deposit Insurance Corp. to launch First Financial Network Inc. In its early years, the loan sale advisory firm counted the RTC among its biggest clients.
A sunset clause shuttered the RTC in 1995, but under Morris' leadership, FFN has been an industry pioneer, handling sales of loans and other assets in 28 countries. Over the past five years, FFN has executed more than 33 transactions totaling $13.6 billion for the FDIC.
For nearly a quarter century, Morris has been directly involved in assisting government agencies, central banks and money center, regional and community banks in developing strategies for selling performing and non-performing loans.
This is an HTML version of an article that ran in the July/August 2013 issue of Real Estate Forum. To see the original story, click here.
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