Wingspan Portfolio Advisors LLC, a Dallas-based mortgage servicer specializing in highly delinquent loans, has formed a professional network of attorneys to assist in efforts to help borrowers avoid foreclosure and stay in their homes. These law firms are normally more involved in seeing foreclosure actions through to their conclusions, but membership in the Wingspan Professional Attorney Network (WPAN) signifies their interest in seeking other ways to help their lender and servicer clients. Membership in the Wingspan Preferred Attorney Network is organized along the lines of a professional designation, said Tom Force, legal services manager for Wingspan Portfolio Advisors. Each member attorney receives a level designation among three available, based on experience initially, and later upon loan resolution success. The three levels are "Select," "Eagle," and "Angel," which is the top among the three.
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The national delinquency rate dropped 16 basis points to 3.39% last month, according to the Intercontinental Exchange's latest first look report.
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Seven federal agencies rescinded a 2022 guidance that encouraged creditors to offer special purpose credit programs to underserved communities.
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The company last week introduced a temporary shareholder rights plan to curb any attempt by Garg to use supervoting shares and reinstall himself as CEO.
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