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Final Bids Coming on Franklin Bank Servicing Portfolio

Published September 22, 2009 2:41 PM EDT 1 Min Read

Final bids are due later this week on a $1 billion portfolio of mortgage servicing rights that once belonged to Franklin Bank of Houston, Texas.

The receivables are being offered by Interactive Mortgage Advisors, Denver, on behalf of the Federal Deposit Insurance Corp. (FDIC).

The loans that are being serviced include both performing and delinquent notes. Franklin was taken over by the FDIC in November 2008.

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