Bliss Morris, ceo of Oklahoma City-based advisory First Financial Network, believes that financial institutions are in a better position now to sell loans than they were two or three years ago. Banks have reached a point where theyve written loans down far enough that they can strategize about which assets they might actually take to market, Morris told REFI Managing Editor Samantha Rowan.
First Financial has observed an uptick in commercial real estate loan sales as well as C&I loans. I think...youre going to see more residential [loans] traded. Thats a whole other sector that has not been addressed yet, Morris added. First Financial has been seeing many loan sales backed by properties in the Northeast, the Sunbelt and the West Coast.
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