WASHINGTON -- The Resolution Trust Corp. said it sold $54.1 million in loans from the failed John Hanson Federal Savings Bank in Beltsville, Md., in six all-cash pools through sealed bids.
The pools included 1,264 second mortgages for $37.5 million, or 104% of book value, and 19 home equity loans for $373,389, or 88% of book value, sold to Germantown Savings Bank in Bala Cynwyd, Pa.