FDIC Picks HanoverTrade for Keystone Sale

HanoverTrade Inc., Edison, N.J., has announced its selection as marketing agent for the Federal Deposit Insurance Corp. (as receiver for the First National Bank of Keystone) in a $180 million trust termination sale.The assets to be liquidated consist of Keystone Home Equity Loan Trust 1996-1 and the following series of First National Bank of Keystone FHA Title I loan asset-backed certificates: series 1995-3, 1995-4, 1995-6, 1996-2, 1996-3, 1996-P1, and 1996-P2. The trust assets are being offered in three pools, ranging in size from $11 million to $123 million, the company said. The bid date is scheduled for Dec. 10. HanoverTrade is a subsidiary of Hanover Capital Mortgage Holdings Inc., a mortgage real estate investment trust. It can be found online at http://www.hanovertrade.com.