Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The Debt Exchange is one of the world's largest loan sale advisors for the sale of commercial, consumer and specialty finance debt. The company is engaged by commercial banks, insurance companies, investment banks, government agencies and other institutions. The Debt Exchange is based in the Financial District in Boston, Massachusetts with additional U.S. offices in New York City, Atlanta, Virginia, San Francisco, and international offices in Germany, Spain, and the United Kingdom. The company sells loans in an online auction format to qualified bidders. In 2006, The Debt Exchange was awarded patent number 7,035,820 by the United States Patent and Trademark Office for its online loan sale and debt trading exchange system. Throughout the Financial Crisis of 2007 2009, the U.S. Federal Deposit Insurance Corporation used DebtX as one of the primary companies to sell loans from failed banks. DebtX was founded in 1999 as a loan sale adviser and has expanded to offer other services including loan valuation and analytics as well as Web-based deal management.
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