WASHINGTON -- The Resolution Trust Corp. has declared its first sale of nonperforming housing loans backed by tax-exempt bonds to be successful and is moving ahead with a second auction, scheduled for the end of the year.

But some bond issuers and investment bankers say they continue to be concerned that the RTC is moving too fast to unload the mortgages. As a result, they say, the corporation is failing to do all it can to preserve the bond financing and make sure the projects continue as housing for low-income people.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.