WASHINGTON - In what may be its last jumbo sale for a while, the Resolution Trust Corp. said it expects to sell a $400 million to $500 million package of nonperforming assets in early November.
No other big asset sales are in the pipeline after this package, code named N-4, according to Larry Bloom, acting director of the office of securitization.
Mr. Bloom said the agency is funding an asset-sales program for smaller investors and reassessing the program for larger ones.
The RTC accepted bids for N-3, a $324 million portfolio of troubled assets, on Aug. 17. The results won't be public until the agency closes with the winning bidder at the end of September.
