LOGS Network, Northbrook, Ill., has extended full membership to Aztec Foreclosure Corporation, Phoenix, a trustee doing business in California and Nevada.Aztec has also entered into a practice management agreement under which the company will receive services such as human resources support, data and security support, risk management and marketing services from LOGS. LOGS President and Chief Operating Officer Gerald Alt said the addition of Aztec expands network coverage to 33 states. LOGS Network members represent the mortgage servicing and consumer credit industry in areas such as foreclosure, bankruptcy, eviction, title, and REO management.
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The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
3h ago -
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
7h ago -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
10h ago -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
April 24 -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
April 24 -
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24