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Distressed Debt Market Still Robust.

Mortgage Servicing News

| November 01, 2007 | COPYRIGHT 2007 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

BETHESDA, MD -- Sales of distressed debt remained strong in the third quarter, according to Kaulkin Ginsberg.

"The recent liquidity crisis in the debt markets has not made any significant impact on deals" in the accounts receivable management business, Michael Lamm, an associate at Kaulkin Ginsberg said. While fewer deals have taken place, those that have been completed have been for larger dollar amounts.

Total deal value of acquisitions and mergers of accounts receivables was $2.12 billion in the third quarter.

Significant deals in the third quarter included the acquisition of AllianceOne by Teleperformance.

In another major deal, Sherman Financial Group's management team ...

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Source: HighBeam Research, Distressed Debt Market Still Robust.

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