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Phoenix Advises Netbank on Sale.(Phoenix Capital Corp.)(Brief article)
ATLANTA -- Phoenix Capital is advising NetBank on the proposed sale of NetBank's servicing platform and servicing rights on a $13 billion portfolio of home mortgages.
A spokesperson for NetBank said Phoenix Capital has put together a book on the offering for prospective bidders. NetBank anticipates completing a transaction in the third quarter.
When NetBank announced its intention to sell the mortgage servicing platform earlier this month, the company said that it has had difficulty achieving its growth targets for the mortgage servicing asset.
NetBank said it had set a goal of growing the mortgage servicing asset to at least $25 billion, a level the company considered the minimum to ...
- Servicing Deals Are Heating Up.(Mortgage Servicing News )
- Magazine article from: Mortgage Servicing News February 1, 2005 700+ words
...finally showing some signs of life. But will it last? As Mortgage Servicing News went to press, General Electric had finally unloaded...commitment from a buyer. The deal is being brokered by Phoenix Capital of Denver, which declined to comment. Ohio Savings...
- Irwin Financial Corporation Announces the Sale of Its Conforming, Conventional...
- Press release article from: PR Newswire October 2, 2006 700+ words
...sale of substantially all of its conforming, conventional mortgage servicing portfolio (MSRs) for approximately $261 million. The...Irwin Financial was advised in these transactions by Phoenix Capital, Inc. Additionally, the Corporation announced that it...
- At Least $42B in MSRs For Sale, More Expected.(mortgage servicing rights)(Brief...
- Magazine article from: National Mortgage News MUOLO, PAUL August 23, 1999 700+ words
...be extremely active in the second half as servicers start selling good chunks of their portfolios," said Ted Jadlos of Phoenix Capital, Denver. A New York-based servicing advisor added: "The thinking is that refis are over, at least for now, and values...
- Phoenix Capital Using Compass Analytic.
- Magazine article from: National Mortgage News January 19, 2009 700+ words
DENVER-Phoenix Capital here, a provider of servicing analytics...technology in determining the value of mortgage servicing rights. CompassPoint will be used by...model," said Dean DeMeritte, EVP of Phoenix Capital.
- Phoenix Capital Representing NetBank.
- Magazine article from: National Mortgage News May 29, 2006 700+ words
ATLANTA -- Phoenix Capital is advising NetBank...for NetBank said Phoenix Capital has put together...intention to sell the mortgage servicing platform earlier...targets for the mortgage servicing asset. NetBank...
- Jadlos Leaves Phoenix Capital.(Brief Article)
- Magazine article from: Mortgage Servicing News Muolo, Paul March 1, 2002 700+ words
...Jadlos, who co-founded Phoenix Capital here five years ago, has...Jadlos owns 30% of "the Phoenix Capital" entities. Articles of incorporation...brokered $175 billion worth of mortgage servicing deals over the past three...
- Accounting for mortgage servicing rights.
- Magazine article from: The National Public Accountant Reynolds, Brian M. September 1, 1995 700+ words
...s SFAS No. 122, Accounting for Mortgage Servicing Rights, amending SFAS No. 65...reconsider the accounting treatment of mortgage servicing rights. The MBAA wanted the FASB...the accounting distinction between mortgage servicing rights chat are acquired through...
- CONSOLIDATION OF NATIONSBANK RESIDENTIAL MORTGAGE SERVICING PROCESSING...
- Press release article from: PR Newswire December 17, 1991 700+ words
...CONSOLIDATION OF NATIONSBANK RESIDENTIAL MORTGAGE SERVICING PROCESSING ACTIVITIES, AND THE PLANNED SALE OF MORTGAGE SERVICING UNIT ANNOUNCED CHARLOTTE, N...Consolidation of NationsBank residential mortgage servicing and processing activities, and...