HOUSTON -- The Resolution Trust Corp. has announced its second auction of nonperforming loans, which will be open to bidders from around the world.

Fresh from the success of a similar live and electronic auction in San Antonio in May, the RTC will sell a $46 million portfolio in 40 pools of nonperforming secured and unsecured loans.

The auction will be Dec. 17 in a Houston hotel and will be handled by the Cambridge Financial Group, a joint venture of the D'Loren Organization, Larry Latham Auctioners Inc., and Riverside Realty Advisors Ltd.

Cantor Fitzgerald Brokerage will cary electronic bids over the Telerate system.

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