NexBank Foreclosures and Whether You Can Buy from This Institutional Bank
NexBank, a Dallas bank that serves institutions and companies rather than home buyers, held $10.9 million in foreclosed homes on June 30, 2026. That is more than 4 times its total a year earlier and ranks 16th of 805 US banks, yet NexBank has no branches for the public and no website listing these homes.
The full ranking of banks holding foreclosed homes is in the bank REO directory. NexBank’s numbers come from its Call Report data on FDIC BankFind, the quarterly financial report that each insured bank files with regulators.
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Key Facts
NexBank is a $14.2 billion bank in Dallas whose customers are mostly other lenders and businesses, which explains why it has no consumer-facing way to sell foreclosed homes. The FDIC’s list of NexBank offices by state shows just 2 offices, and the history note is drawn from NexBank’s FDIC acquisition record.
| Field | NexBank |
|---|---|
| Legal name | NexBank |
| FDIC certificate | 29209 |
| Headquarters | Dallas, Texas |
| Residential ORE (foreclosed 1-4 family homes), June 30, 2026 | $10.9 million, up 358.0% from $2.4 million a year earlier and up 24.1% from the prior quarter |
| Total ORE (all foreclosed property) | $40.9 million. Homes are 26.6%, multifamily $30.0 million |
| Rank by residential ORE | #16 of 805 banks reporting foreclosed homes (Q2 2026) |
| Total assets | $14.2 billion |
| Type of bank | Institutional, commercial and mortgage banking (wholesale, correspondent and warehouse lending), with no retail mortgage originations |
| Where its REO is marketed | No REO page on nexbank.com (checked October 10, 2026). Any home would be listed through a local agent |
| REO asset manager | None named publicly |
| History note | Absorbed College Savings Bank on December 1, 2015 |
| States with branches | 2 offices in 1 state: Texas (2) |
| How to make an offer | Through your agent to the listing agent, the usual route for bank-owned homes |
| Agent or vendor sign-up | No public sign-up route |
Can You Buy a NexBank Foreclosure?
You can buy a NexBank foreclosure only when it appears as an ordinary listing on the open market, because NexBank runs no public sales site for its foreclosed homes.
NexBank is not a neighborhood bank. Its mortgage banking page describes wholesale and correspondent lending, where it buys or funds loans that other lenders originate, plus warehouse lines that finance those lenders. The bank says it “does not compete with our clients for retail originations or refinancing business.” So the houses it ends up owning come from loans first made by someone else, which means they can be located anywhere those partner lenders work, not just in Texas.
A house a lender has taken back through foreclosure and still owns is called real estate owned (REO). When NexBank sells one, expect a local listing agent to post it on the multiple listing service (MLS), the shared listing database that home search sites draw from. The latest recorded deed will name NexBank as owner, which is how you confirm the seller, and your agent submits the offer to the listing agent.
Who Handles NexBank’s Foreclosed Homes?
NexBank does not name an REO asset manager, the company that prices, maintains and markets foreclosed homes for a lender, or any broker program. Its role as a servicer matters more here. NexBank is an approved Fannie Mae and Freddie Mac seller and servicer and a Ginnie Mae issuer, so many of the mortgages it collects payments on belong to someone else, and those homes are sold by the owner of the loan:
- NexBank’s own loans are the $10.9 million in the FDIC figures, sold through local agents.
- Fannie Mae and Freddie Mac loans are sold through the Fannie Mae REO vendor network and Freddie Mac HomeSteps, not by NexBank.
- Ginnie Mae pools hold FHA and VA loans, whose homes go to the HUD Home Store or to Vendor Resource Management, named in VA Circular 26-17-16 as the VA’s sales contractor.
How Have NexBank’s Foreclosed Homes Changed Over the Last Year?
NexBank’s foreclosed homes grew every quarter for a year, from $2.4 million to $10.9 million, so it now holds more than 4 times what it did in mid-2025.
| Quarter End | Residential ORE | Total ORE | Homes as % of ORE |
|---|---|---|---|
| June 30, 2025 | $2.4 million | $2.4 million | 100.0% |
| September 30, 2025 | $5.9 million | $33.7 million | 17.4% |
| December 31, 2025 | $7.1 million | $34.9 million | 20.3% |
| March 31, 2026 | $8.8 million | $37.9 million | 23.2% |
| June 30, 2026 | $10.9 million | $40.9 million | 26.6% |
These figures are residential other real estate owned (ORE), the value of houses NexBank had repossessed and not yet resold. A balance that rises every quarter, including 24.1% in the latest one, means foreclosures are arriving faster than NexBank is selling, so more of its homes are likely to reach the market. Most of the $40.9 million total is a $30.0 million apartment property that first appeared on September 30, 2025. Homes are only 26.6% of the total, about a quarter.
FAQ
Does NexBank Sell Foreclosed Homes to the Public?
Yes, but only through ordinary listings. NexBank has no REO listing page or branch network for home buyers, so any home it owns is sold through a listing agent and appears on regular listing sites.
Who Handles NexBank’s Foreclosed Homes?
NexBank does not name an REO asset manager. Many loans it services belong to Fannie Mae, Freddie Mac or Ginnie Mae pools, and those homes are sold through the agencies’ own programs, not by NexBank.
Why Does NexBank Hold Foreclosed Homes If It Doesn’t Make Retail Mortgages?
NexBank buys and funds mortgages that partner lenders originate, so some of those loans end in foreclosure on its own books. The FDIC data shows $10.9 million of foreclosed 1-4 family homes owned by NexBank on June 30, 2026.
Where Is NexBank Located?
NexBank is based in Dallas, Texas, and the FDIC lists 2 offices, both in Texas. It has no retail branch network for home buyers.
Sources
- FDIC BankFind Suite, Call Report financial data, Cert 29209. FDIC. Data as of June 30, 2026. https://banks.data.fdic.gov/bankfind-suite/bankfind/details/29209
- FDIC BankFind API, office locations by state, Cert 29209. FDIC. Pulled October 10, 2026. https://api.fdic.gov/banks/locations?filters=CERT:29209&agg_by=STALP&agg_limit=60&limit=0
- Consolidated Reports of Condition and Income for First Quarter 2026 (FIL-10-2026). FDIC. https://fdic.gov/news/financial-institution-letters/2026/consolidated-reports-condition-and-income-first-quarter
- NexBank Mortgage Banking. NexBank. https://www.nexbank.com/service/mortgage-banking
- FDIC BankFind API, institution history (acquisitions), Cert 29209. FDIC. https://api.fdic.gov/banks/history?filters=ACQ_CERT:29209&limit=6&sort_by=PROCDATE&sort_order=DESC
- Circular 26-17-16, Real Estate Owned and Portfolio Services Contract. U.S. Department of Veterans Affairs. https://www.benefits.va.gov/HOMELOANS/documents/circulars/26_17_16.pdf
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