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Non-Tech : Amresco [AMMB]
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To: KZAP who wrote (54)3/5/1999 9:43:00 PM
From: Sandra  Read Replies (3) of 218
 
Kzap,
Hmmm heard calls were up today too, wonder if this could be why.
Sandra

Nomura Sells Commercial Mortgage Servicing Rights to Amresco

New York, March 5 (Bloomberg) -- Nomura Securities Inc. sold $7.2 billion in commercial mortgage
servicing rights to Amresco Inc., according to Commercial Mortgage Alert, an industry newsletter. The
purchase involves the servicing rights of a $2.4 billion commercial mortgage-backed offering, a $1.2 billion
sale and a $3.7 billion sale. Nomura has an estimated $7 billion in servicing rights still for sale and another $5
to $6 billion in loans for securitization, the newsletter said.

Nomura decided to disband and sell off the assets of its industry leading real estate finance arm, Capital Co.
of America, after it lost $700 million in the first half of last year.

15:02:21 03/05/1999

For more stories from Bloomberg News, click here.

(C) Copyright 1999 Bloomberg L.P.
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