loan servicing: New Wave of Servicing Transfers - 07/11/12 03:19 AM
The transfer of loan servicing from one entity to another is certainly nothing new.   However, there seems to be a new wave of transfers. Aurora has transferred to NationStar mortgage and CITI has transferred to Carrington Mortgage.  As a side note, Carrington is a new servicer there is no history to guide us.
I have noticed a number of blogs and questions on websites about how the transfer of servicing can affect a short sale and/or a foreclosure sale date.  There seems to be a lot of panic, but the servicing transfer may be a good thing for you.
The first … (2 comments)

loan servicing: The Truth Always Comes Out - 02/03/11 05:15 PM
One of the surprising things to me is that it is only now becoming apparent to the outside world that the lenders that are foreclosing on a loan are not the "owner" of the loan. Most loans are sold with in two years of inception and this seems to have been forgotten. What is also forgotten is that government backed programs are the owners of a lot of this debt. This convenient truth is being exposed because lenders are frequently stating that the "investor" (the government) does not participate in the government modification program.  WHAT??  sounds like Congress originally passing Obamacare … (3 comments)

 
Paddy Deighan MBA JD PhD, Paddy Deighan J.D. Ph.D (http://www.medicalandspaconsulting.com)

Paddy Deighan MBA JD PhD

Paddy Deighan J.D. Ph.D

Vail, CO

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Author Bio: Paddy Deighan earned his Juris Doctorate and PhD Paddy consults with taxpayers in regard to tax liens, tax levies, tax levy, offer in compromise, tax debt, tax settlement

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