crazy safeguard buys bank of america field assets. Safeguard now controls all boa work. Crazy
It means we are all screwed.If you don't work for safeguard we will soon be out of business.FLpreservation said:so what does this mean for all the other boa servicers like south central valley and qualified etc...
Right. We lost 450 recurring.....ctvalley said:When Safeguard lost Fannie Mae this week, my regional told me that there were a couple large accounts in the works, but couldn't elaborate. I guess that is one of them. She told me to be ready for alot of new work in the next couple of months. It's a good thing, because I just lost 43 Fannie Mae accounts on Tuesday. It definitely helped the swelling go down.
Amen. Don't run with this guys. Its big for SG, not big for you. And it is much more complicated than, "now SG will controll all of B of A work". B of A is smarter than that (not much....just smarter).Cruz @ ANDERCO said:BACFS does not control all the BOA work-
They were part of BOA- but BOA still subs ALOT.
there are 11 other players on the BOA Scorecard- and BACFS
All SG did was buy an "extra slot." on the scorecard.
Smart move- but the other nationals smoked BACFS prices.
Relax- don't panic.
And dont celebrate if you are a safeguard sub- at least not yet. Volume still LOW.