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The mortgages could be sold off in parcels or as one giant bundle of loans.
The $500 million bundle of loans, a type of investment known as a collateralized debt obligation, was managed by Mr. Gross's Pimco.
But Carlos Boloña, Mr Fujimori's economy minister, was also seeking a new IMF agreement, and a bundle of loans from development banks.
News articles began to appear citing trouble in the efforts to raise money and in particular what was described as a delay in closing the first bundle of loans.
George Bush ordered the American Treasury to make a bridging loan, to be repaid once a new $3.8 billion bundle of loans for Uruguay tied together by the IMF is ready, perhaps in a matter of days.
According to the examiner's report, New York Fed officials were aware that Lehman viewed the lending facility as an opportunity to finance a bundle of loans that it could not offload easily to a rival bank.
Similar(49)
He added that he would consider selling bundles of loans to speed up the process.
Sometimes the bundles of loans were sold through public filings, but often they were not.
In its early days, First Alliance raised money for its operations primarily by selling bundles of loans directly to private investors.
Stripping all risk from markets removes investors' incentive to check on the lenders they are buying bundles of loans from.
Big banks have sold bundles of loans to investors who want assets that have a specific credit quality.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com