Bayview Financial of Coral Gables, Fla., is offering a $500 million "scratch and dent" portfolio, according to investment banking sources. At press time the company had not returned a telephone call about the matter. More scratch-and-dent portfolios are hitting the market now that Treasury has pulled the plug on its plan to buy troubled mortgage assets from financial institutions. "We think it's going to be a great time to buy," said George Ostendorf, president of American Mortgage Capital Group of Chicago. (For the full story see the Monday edition of National Mortgage News.)
Processing Content
