Our great state legislature passed a bill providing for a 90 day moratorium on foreclosures. Sounds good right? Truth is that the 90%+ of the mortgages facing foreclosure are being serviced by companies that are exempt from the bill. What was the point of the legislation? Clueless in Sacramento! A list of the exempt servicers follow:
AMERICAN HOME MORTGAGE SERVICING, INC.
AURORA LOAN SERVICES LLC
BAC HOME LOANS SERVICING, LP
BANK OF AMERICA, NA
BENEFICIAL CALIFORNIA INC.
BENEFICIAL FINANCIAL I INC.
CAPITAL FINANCIAL SERVICES, INC.
CARRINGTON MORTGAGE SERVICES, LLC
CHAMPION MORTGAGE COMPANY (NATIONSTAR MORTGAGE LLC, DBA)
CHASE HOME FINANCE LLC
CITIMORTGAGE, INC.
EMC MORTGAGE CORPORATION
FAY SERVICING, LLC
FIRST CALIFORNIA MORTGAGE COMPANY
GMAC MORTGAGE, LLC
GREEN PLANET SERVICING, LLC
H&R BLOCK BANK
HOMECOMINGS FINANCIAL, LLC
HOUSEHOLD FINANCE CORPORATION OF CALIFORNIA
HSBC CREDIT CENTER, INC.
HSBC MORTGAGE CORPORATION
HSBC MORTGAGE SERVICES INC.
HSBC MORTGAGE SERVICES INC.
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
KONDAUR CAPITAL CORPORATION
LITTON LOAN SERVICING LP
OCWEN LOAN SERVICING, LLC
PENNYMAC LOAN SERVICES, LLC
RESIDENTIAL CREDIT SOLUTIONS, INC.
SAXON MORTGAGE SERVICES, INC.
SELECT PORTFOLIO SERVICING, INC.
SELENE FINANCE LP
SPECIALIZED LOAN SERVICING LLC
U.S. BANK NATIONAL ASSOCIATION
VERICREST FINANCIAL, INC.
WALTER MORTGAGE COMPANY
WELLS FARGO BANK, N.A. WELLS FARGO HOME MORTGAGE, WELLS FARGO FINANCIAL
WELLS FARGO BANK, N.A. WELLS FARGO HOME MORTGAGE, WELLS FARGO FINANCIAL, AMERICA’S SERVICING COMPANY
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