Industry News

NetBank sells most of its portfolio to IXIS Real Estate Capital

Loans, mortgage-backed securities sold at $28 million loss
Published on Oct 13, 2006

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by CareyBot

Online mortgage lender NetBank Inc. has sold mortgage-servicing rights to $8.5 billion in loans — about 70 percent of its portfolio — and mortgage-backed securities that it held as a hedge, at a combined loss of $28.1 million. NetBank said ...