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WASHINGTON, DC-DebtX is taking $5 billion in non-performing residential loans from the Department of Housing and Urban Development to market, in what is one of the largest offerings of its kind in this market cycle. Certainly it is the largest offering of non-performing HUD loans marketed through a sealed bid public process, DebtX CEO Kingsley Greenland tells GlobeSt.com.

The offering is backed by 29,000 non-performing loans and supported with 16 million pages of loan documents, he says.

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