Posted on 11/12/2012 10:54:44 AM PST by 2ndDivisionVet
DALLAS -- Wingspan Portfolio Advisors, a Carrollton-based loan servicing company, will layoff more than a quarter of its workforce at the end of the year.
Wingspan issued a Workers Adjustment and Retraining Notification Act (WARN) letter on Nov. 5 to the Texas Workforce Commission informing them all 459 employees at the Dallas location will be terminated effective December 21, 2012.
The business is "an award-winning diversified servicing company" and "offers a wide-range of services to assist the mortgage industry in virtually every aspect of delinquent loan servicing," according to the company's website. The site says the company has nearly 1,700 employees.
The layoffs are the direct result of the cancellation of a client contract, according to the WARN letter. The company said the terminations are permanent, but they will do their best to place employees who wish to remain with the company in other positions for which they are qualified.
The Dallas office is located in the 18000 block of Dallas Parkway
Welcome to Obamaland, known for pink slips and food stamps.
Bottom dwellers. Appears that they did foreclosures for BofA.
proper thanks for this probably should go to the new, totally unaccountable, totally free Congressional oversight “consumer financial” regulatory agency; the Elizabeth Warren brainchild that sets its own budget and draws what it wants for its financing from the Federal Reserve, as a demand, not a reqeust, and without interference from Congress.
the agency whose founding law does not even define the limits of what, who or how it defines any regulatory need - in terms of “financial agreements” it decides to push itself into
proper thanks for this probably should go to the new, totally unaccountable, totally free from Congressional oversight “consumer financial” regulatory agency; the Elizabeth Warren brainchild that sets its own budget and draws what it wants for its financing from the Federal Reserve, as a demand, not a reqeust, and without interference from Congress.
the agency whose founding law does not even define the limits of what, who or how it defines any regulatory need - in terms of “financial agreements” it decides to push itself into
Banks foreclosing on those who don’t make their mortgage payments are “bottom dwellers” now? So now you don’t believe in legal contracts and the law? Did I drift over to Daily Kos? Or am I misunderstanding you?
I’ve never done business with this particular outfit, but I’ve dealt with enough other foreclosure mills to know that the industry is not known for its moral standards or its willingness to adhere to the law.
If you think all of those Countrywide loans were properly documented, you’ve been ignoring reality for the last 5 years. And if you think an unsigned promissory note is a legal contract, then perhaps you are the one who has torn up the Constitution.
A mortgage is an unsigned promissory note? I was a loan officer from 2001 to 2005, so I’m familiar with the industry, four months of which were spent at the worst lender in modern history. But that doesn’t excuse millions of people from making their contracted mortgage payments.
Do you believe in anarchy?
I'd recommend that you read "The Lost Bank" by Kirstin Grind for a broad overview on what the banks were doing the Clinton/Bush era. Unsigned notes, unrecorded mortgages - it didn't matter, because the folks doing the buying and re-selling didn't bother with due diligence, and the regulators turned a blind eye.
And lest you think I have to rely on the book, I've had folks give me files to collect with unsigned notes or mismatched dates. Needless to say, I won't do them, which some servicers find quite shocking.
DOW CHEMICAL COMPANY announced a few weeks ago that we will be having massive layoffs and plant closings world wide. Everyone is worried about their job now. I think it is closing 5% of plants and laying off 2500 people.
Thank you Obama
70 million Americans on Medicaid so WHY do we need ObamaCare if the “poor” already have free care????
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