Carlton Advisory Services Inc., New York, has announced that it will sell approximately $88 million of chiefly commercial mortgage loan assets on behalf of an unnamed institutional client. The portfolio of 20 performing and nonperforming commercial loan assets consists chiefly of loans secured by single-family home subdivisions as well as residential and office condominium properties in various stages of completion and prime residential land assets. All the collateral properties are located in Florida. Bids are due by Sept. 17.
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Newly minted Federal Reserve Chair Kevin Warsh will host his inaugural press conference on Wednesday. Bankers will be paying close attention to what he says — and how he says it.
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