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Mortgage servicing rights owners like NewRez are the equiv. to junk debt buyers, and the original credit card companies (Chase, Capital One, etc...) are the equiv. to subprime trusts or the mortgage originators. Same ...
PHH/NewRez Mortgage is not helping anyone. They are giving the standard you can skip paying for 3 months but the 4th month all missed months become due. So basically aren't helping. As most standard foreclosures allow...
BOfA, NewRez, PHH, and BONY all joined in their MOD asserting claim preclusion, issue preclusion, and statute of limitations. It looks like corporate America bands together throwing the poor foreclosure mill law firm ...
NewRez, a subsidiary of Rithm Capital Corp. has been acquiring subprime servicers (Shellpoint, Ditech, etc... on their website),. For a subprime trust like mine, It bought remaining bonds in whole, then use the trust ...
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