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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Ramsey Su who wrote (59937)8/15/2006 10:19:55 AM
From: John VosillaRespond to of 306849
 
I saw several job openings for this unit of GMAC. Everyone just calls themselves a servicing agent these days saying most of the risk absorbed by Fannie, MBS's and Chinese investors<g>.

hfwholesale.com



To: Ramsey Su who wrote (59937)8/18/2006 3:04:53 AM
From: C.N.S.Respond to of 306849
 
>>Historically, lenders are slow in staffing up asset management departments, often just rotating origination staff into REO positions.<<

You may be right about not staffing up but I am not sure about rotating origination staff to REO - the former skills are rated much higher than the latter - at least for now.