Bluebonnet Savings Bank has retained Hamilton Carter Advisors to assist in the sale of some of its mortgage banking assets.

The Texas thrift has elected to to divest its out of state mortgage assets, including RNG Mortgage, a Santa Ana, Calif., mortgage bank, and a lender, Magnum Mortgage, based in St. Louis.

The company also hopes to sell its servicing center in Atlanta.

In an interview last month, Brad Oates, president of the Dallas thrift, indicated that the lender thought it necessary to concentrate on its home turf.

Last year, Bluebonnet exited a separate mortgage related line of business -- warehouse lending. Mortgage banking companies use warehouse lending to finance their inventory of loans that are awaiting sale in the secondary markiet.

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