Wisconsin CU Buys Mortgages from Failed Bank

Royal Credit Union, Eau Claire, Wisc., has agreed to acquire 4,200 mortgages with an unpaid principal balance of $600 million from a failed Minnesota bank called The RiverBank. No purchase price was disclosed.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_450/wisconsin-cu-buys-mortgages-1026925-1.html

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