Subservicing firms continued to grow in the first quarter, albeit at a slower pace. The reason: Coronavirus and a lack of flow deals. (Includes data chart.)
According to the offer circular, the package (19 loans in total) also boasts an average FICO score of 721. Roughly 30% of the paper is based in California, with representation in Florida and Texas as well.
Oklahoma-based First Mortgage’s former President Ron McCord faces 24 counts of bank fraud, money laundering and making a false statement to a financial institution.