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Following a year like 2010, I am hard pressed to make a prediction about exactly what will happen in the world of loan sales in 2011. After all, the best and brightest of our industry predicted that 2010 would bring a lot of trades, and through those sales would come the beginning of an end to the log-jam of loans in limbo. Instead, despite an uptick in marketing activity, especially in the last quarter of the year, and a deluge of offers to buy, many deals did not occur. All the bullish predictions last year couldn’t budge the lethargic economic and lending environments. If you’re looking at transactions, in a word, 2010 was flat.

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