Lauderdale firm buys troubled mortgages: 


More insight into how this mortgage-mess will be resolved.  In the Sun-Sentinel this morning:


Fort Lauderdale-based private equity firm US Debt Ventures has purchased a pool of troubled mortgages with a face value of $500 million from an unidentified major bank, the firm announced Monday.   The firm bought a pool of about 7,000 first, second and third liens on mortgages across the nation. US Debt Ventures did not disclose how much it paid for the pool of loans, or which bank it purchased from. The seller was described in a release as “one of the five largest financial institutions.”   The company has plans for more bulk deals in 2011 and 2012, said Jamie Zambrana, director of acquisitions and analytics.