WASHINGTON, DC—The Federal Deposit InsuranceCorp. is marketing a portfolio consisting of $90million worth of performing and non-performing loans.Oklahoma City-based First Financial Network willbe handling bidding for the portfolio, which includes loans fromseveral failed financial institutions.

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The portfolio consists of approximately 129 performing andnon-performing residential, commercial real estate, consumer andbusiness asset loans and loan participations.

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Online due diligence will be available beginning September 22 toqualified bidders at First Financial's website with bids due onOctober 21, 2014.

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The loans have been stratified into pools based on collateraltype and performance. The sale is likely to attract secondarymarket interest, Bliss Morris, founder and CEO ofFFN, says in a prepared statement.

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First Financial handled a $174 million offering of performingand nonperforming loans for FDIC in April. This group of loansoriginated from the failed The Bank of Union in ElReno, OK.

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That portfolio consisted of approximately 511 C&I,agricultural, residential, commercial real estate and consumerloans.

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Bank failures, fortunately, are becoming less frequent as theeconomy recovers. When FDIC released its second quarter 2014 results forFDIC-insured institutions last month, it noted that number ofproblem banks is now 60% below the peak in 2011, and the number ofbank failures continues to trend down.

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Separately, the Department of Housing and Urban Development isputting 15,000 nonperforming residential loans with anunpaid principal balance of $2.3 billion out to bid. DebtX ismarketing the loans for the agency.

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