Released on: October 18, 2007, 8:13 am

Press Release Author: Invest Now News

Industry: Financial

Press Release Summary: Appia Capital, according to a source, may buy Litton Loan
Servicing LP, the Houston-based servicer of U.S. subprime mortgages, said people
within the financial sector.

Press Release Body: It seems Appia Capital's interest was heightened when it was
revealed that Litton\'s parent, Credit-Based Asset Servicing and Securitization LLC,
hired Blackstone Group LP in August to help raise capital. Litton is the
12th-largest subprime servicer and collects payments on about $46 billion of loans
to borrowers with poor credit, according to National Mortgage News. The company may
fetch about $500 million, based on valuations given to similar portfolios.
Appia Capital spokesman reportedly stated, "Our interest in Litton follows Wilbur L.
Ross Jr.\'s $435 million offer on Sept. 21 for the servicing unit of bankrupt lender
American Home Mortgage Investment Corp. in Melville, New York, and we are hoping
that it can increase the value of mortgage assets by reworking loan terms to make it
easier for borrowers to pay their debt." All parties have declined to comment any
further on the deal.


Web Site: http://

Contact Details: 67, Posidonos Ave.
16674 Glyfada
Athens
Greece

Tel No: +30 211 268 6874
Fax No: +30 211 268 6718

E-mail: Information@appiacapital.com
Web: www.appiacapital.com