WASHINGTON -- The Resolution Trust Corp. will $600 million in loans Aug. 24 and 25, the agency announced Monday.

The auction Of more than 14,000 loans grouped into about 200 packages will take place in Kansas City, Mo. In an effort to give small investors greater opportunities to buy RTC assets, the agency has reduced its required bid deposit to $50,000 from $100,000.

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.