It appears the Federal Deposit Insurance Corp. will begin taking final bids on the $23 billion AmTrust servicing portfolio by the end of July with a winner picked shortly thereafter, or so we're told. Only a handful of players can take down the whole portfolio but investors can buy portions of it. The FDIC and its investment banker on the deal, Milestone Merchant Partners, aren't giving much guidance on the pool these days. Meanwhile, General Electric reports 2Q earnings this Friday. We only mention this because GE is a fairly large player in the commercial mortgage servicing market. Stay tuned...
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