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An example in that case describes an $11 million payment for one batch of loans.
At the mortgage company New Century, for instance, banks agreed to reduce the number of souring loans they returned to the originator in exchange for the right to buy some of the originator's next batch of loans, according to testimony given to Michael Missal, a lawyer with K&L Gates who prepared New Century's bankruptcy report.
Greece's international creditors demanded the cuts to approve the latest batch of loans from its international bailout programme, as agreed earlier this month.
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But the Department of Energy has yet to hand out any of the previous batch of loan guarantees approved in 2005.
Robinson said: "The first batch of loan players were different class, buying into the gaffer's ethos and the team and what we expected from each other.
As we dawdle, a new crop of college freshmen will be lining up to cash the biggest batch of loan checks ever.
Ambac says there is evidence of more than 100 early-default settlements for batches of loans that soured quickly.
Fortress, which declined to comment, typically buys batches of loans and works with other companies to evaluate which ones might qualify for F.H.A., Fannie Mae or Freddie Mac refinancing.
And — in the most closely watched tactic — the F.D.I.C. is negotiating a series of billion-dollar deals with private equity partners who will take over huge batches of loans in exchange for a chunk of the sale proceeds.
Greece's debt inspectors reached an agreement with the cash-strapped country on reforms needed for the release of the next batch of bailout loans despite warning of an "uncertain" economic outlook.
With that information, the Bartmanns know how much they can pay for a given batch of bad loans and still make a profit.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com