Monthly archive for April 2017

NOTE: Schmidt Mortgage Company is a division of Mid America Mortgage. ADDISON, Texas, (SEND2PRESS NEWSWIRE) — Mid America Mortgage, Inc. (Mid America) announced today it has acquired the mortgage servicing rights (MSRs) for $2.7 billion in government loans. The portfolio includes a number of delinquent VA- and FHA-insured loans. “Mid America has achieved tremendous success in resolving delinquent government-insured mortgages,” said Mid America Owner and CEO Jeff Bode. “By purchasing this portfolio, and another like it, we are providing much-needed liquidity to smaller market players that might otherwise not have an outlet for their distressed servicing.” The sale was completed