HomeSide Lending Inc., Jacksonville, Fla., has expressed interest in bidding on the servicing portfolio of Capstead Inc., Dallas, sources have told MortgageWire.The publicly-traded Capstead services $55.7 billion in residential loans. HomeSide services $115.8 billion in product, ranking sixth nationwide. The other known bidder is GMAC Mortgage, Horsham, Pa., which has a servicing portfolio of $92.9 billion and ranks ninth. Both HomeSide and GMAC have been actively buying portfolios the past year or so. Capstead, a non-depository, has yet to comment about the situation. Norwest Mortgage, Des Moines, has been mentioned as a possible bidder but the company recently said it had no interest in Capstead's servicing.
Processing Content
