WASHINGTON - Next month, the Resolution Trust Corp. will begin selling nearly $2 billion of non-performing housing loans backed by tax-exempt bonds under a procedure that some housing industry officials say could endanger the creditworthiness of the bonds.

In the first of a series of offerings. the RTC will accept bids on $287 million of loans through Oct. 14. The loans were made and the bonds insured by failed savings and loans taken over by the corporation, which has assumed the role of credit enhancer for the bonds.

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