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IXIS Bidding on NetBank Portfolio.(Brief article)
NEW YORK -- IXIS/CDC Real Estate Capital here is said to be the leading bidder for NetBank's $15.4 billion servicing portfolio.
As Mortgage Servicing News went to press this month, the sale was pending and IXIS officials could not be reached for comment.
One advisor noted, "IXIS does not bid on every package. They're an opportunistic buyer. I heard they got this one."
The NetBank portfolio is one of two large servicing-only packages that are being shopped by brokerage firms. The broker of record on the NetBank portfolio is Countrywide Servicing Exchange, Pasadena, Calif.
In early May, the Columbia, S.C.-based NetBank made the decision to sell both its servicing platform and portfolio, using Phoenix Capital Inc., Denver, as its sales agent.
Recently though, NetBank switched brokers, opting instead to use Countrywide Servicing Exchange. A NetBank ...
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Source: HighBeam Research, IXIS Bidding on NetBank Portfolio.(Brief article)