Specialized Loan Servicing, a servicer of residential mortgage loans based in Highland Ranch, Colo., has announced the acquisition of an 82.35% equity interest in the company by Lexia LLC, a subsidiary of Tokyo-based Shinsei Bank Ltd. John Beggins, SLS's chief executive officer, said Shinsei Bank has "a strong track record" in the distressed debt arena and gives SLS additional "financial credibility." Shinsei had total assets worth 12.5 trillion yen ($118 billion) on a consolidated basis in June, SLS said. The servicing company can be found on the Web at http://www.sls.net.
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