Share 'BANK REO'S AND THE REO SERVICES PROGRAM'

Prospect Mortgage now is the largest independent (non bank or investment bank owned or affiliated) mortgage company in America. We recently entered into an agreement with the FDIC and Indy Mac Bank (IMB) to help the disposal of the IMB REO portfolio. We are in different stages of negotiation with several other major financial istitutions to do the same thing. One bank is in the test market phase…