DebtX signs deal with FDIC

DebtX, a Boston-based loan-sale advisors for commercial debt, announced that it has signed a five-year agreement with the Federal Deposit Insurance Corporation to sell assets in FDIC receiverships.

“We’re pleased the FDIC selected DebtX,” DebtX chief executive Kingsley Greenland said in a statement. “The FDIC will have immediate access to DebtX’s sophisticated and proven technology, and we will provide a complete range of loan sale advisory services to deliver superior price execution through the DebtX marketplace.”

DebtX says it provides an established online marketplace to market acquired assets to the largest number of potential buyers safely and securely.
(By Chris Reidy, Globe staff)