Colombia Plans New Nonperforming Deal

Colombia's Titularizadora Colombiana plans to bring its next nonperforming loan deal to market this August, TC president Alberto Gutierrez told attendees at the International Union for Housing Finance World Congress here.

Colombia accumulated many nonperforming loans during its mortgage sector crisis, which took place between 1997 and 2002, according to Mr. Gutierrez. Loan performance has been in recovery mode since 2003, he said.

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