FHFA leaving g-fees alone, revising primary mortgage insurance requirements

FHFA leaving g-fees alone, revising primary mortgage insurance requirements

Move will lower fees for riskier borrowers; change is ‘revenue neutral’

Housing advocacy groups call on FHFA, CFPB to investigate “pro-foreclosure” tactics

Groups cite Ocwen as leader in preventing mortgage defaults

Court filing reveals name of anonymous whistleblower in Zillow/Move lawsuit

Former Zillow VP of Strategic Partnerships wrote the letter
W S
Servicing / The Ticker

Holding company created to operate existing field services firms

rocks

Concentric Equity Partners and TDR Capital formed a new holding company this week to operate a suite of existing mortgage field services companies, including Mortgage Contracting Services, Asset Management Specialists and Vacant Property Specialists.

Caroline Reaves, the current CEO of Plano-based MCS, will assume responsibility as CEO of the new holding company.

“MCS, AMS and VPS are all prominent and successful value-providers to banks, mortgage servicers, government entities and other property owners,” said Reaves.

“The common ownership of these three companies, with their unique strengths and proficiencies, will strengthen our collective ability to serve our clients and expand opportunities to develop ancillary services across multiple customer channels," she added. 

In addition, the company said there will be no immediate changes to the three companies’ business processes and they will each continue to be managed independently.

Recent Articles by Brena Swanson

Comments powered by Disqus