finding your way home

Monthly archive for April 2017

Mid America Mortgage Purchases $2.7 Billion in Mortgage Servicing Rights

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

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1953 Englewood Ave.
Akron, OH 44312
Phone: (330) 798-4677
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Rocky River

20545 Center Ridge Road
Suite 250
Rocky River, OH 44116
Phone: (440) 356-3242
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35104 Euclid Ave.
Suite 202
Willoughby, OH 44094
Phone: (440) 953-0447
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