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AHMSI

American Home Mortgage Servicing Joins Making Home Affordable

by Moe Bedard

American Home Mortgage Servicing, Inc. (AHMSI) today announced its participation in the Home Affordable Modification Program (HAMP). 
I am not sure if the ACORN ordeal with AHMSI had promted this press release or what? In case you didn’t catch that news, here is a link and quote from a recent article explaining ACORNS beef with Obama.
Attention homeowners: Join LoanSafe.org [...]

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Wilbur Ross Purchases Citi’s $185 Billion Mortgage Servicing Portfolio

by Moe Bedard

I have been watching WL Ross and AHMSI since they gobbled up H&R Blocks’ Option One this past year and what I can say that this guy is the real deal. Mr. Ross knows exactly how to operate a proficient and “effective” specialty mortgage servicing operation for homeowners that are in default.

My firm was dealing with the infamous subprime Option One prior to the WL Ross purchase and their service went from terrible to OK within about 60 days of AHMSI taking over. There is still much room for improvement, but it seems like Ross is dedicated to helping more homeowners stay in their homes and he wants to stand out from the rest of the mortgage servicing crowd.

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Frank calls for restructuring of the mortgage servicing industry if servicers fail to cooperate

by Moe Bedard

Finally! It looks like one of the peoples representatives, Barney Frank, has got hip to the fact that servicers have been giving a lot of lip service lately to everyone. From the homeowners reaching for help and to our government who has been asking them nicely to cooperate.

Thus far, servicers have been playing by [...]

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