ADDISON, Texas, (SEND2PRESS NEWSWIRE) — Mid America Mortgage, Inc. (Mid America) announced today it has acquired the mortgage servicing rights (MSRs) for $2.7 billion in government loans. The portfolio includes a number of delinquent VA- and FHA-insured loans. “Mid America has achieved tremendous success in resolving delinquent government-insured mortgages,” said Mid America Owner and CEO Jeff Bode. “By purchasing this portfolio, and another like it, we are providing much-needed liquidity to smaller market players that might otherwise not have an outlet for their distressed servicing.” The sale was completed at the end of March, and LoanCare, Mid America’s sub-servicer, will
Read more →Monthly archive for April 2017
There’s no denying it. The DIY movement has swept through the nation and is probably here to stay. And while we love the fact that more and more homeowners are tackling the jobs that less motivated folks would be quick to hire out, let’s not forget that there are some home improvement projects that are simply better left to the professionals. Here are the major ones that come to mind first: 1.) Electrical Work There’s a reason electricians have to go through years of training and obtain special certification to do what they do. Electricity is a powerful source of energy, which is
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Builder confidence in the newly-built single-family homes market held firm in April, despite falling three points to a level of 68 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) after a unexpectedly high reading the month before.
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