Homeward Residential (AHMSI)

Information

Homeward Residential (AHMSI)

Short Sales with American Home Mortgage Services ces...servicing former Option One clients

AHMSI changed its name to Homeward Residential

Website: http://shortsalesuperstars.com/ahmsi
Members: 233
Latest Activity: Feb 15, 2015

Homeward Residential (AHMSI) Short Sale Information

 

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Financial_Analysis_for_Loss_Mitigation_Workout_Form.pdf

Affidavit_of_Hardship_Form.pd

 

Making Home Affordable Plan

 

Forms

Short Sale Fax #:866-452-1837
website: www.gohomeward.com

Phone#: 877-304-3100

LOA Fx# 866-795-6529

 

Be prepared to have the short sale outsourced to PowerReo. Here's their agreement

About AHMSI  Established in April 2008, AHMSI services residential mortgage loans, including traditional, Alt-A, interest only and subprime and is one of the country's largest servicers of sub-prime and Alt-A loans. The company is headquartered in Irving, Texas, and operates as well through locations in Irvine, Calif., Jacksonville, Fla., and Pune, India. As of October 30, 2008, it managed a portfolio of more than $85 billion.  WL Ross, founded by Wilbur L. Ross, is a private equity firm based in New York City and currently oversees in excess of $5.0 billion in private investments. AHMSI is owned by several funds that are ultimately controlled by WL Ross.

 

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ayDXuthhd7kQ

http://www.housingwire.com/article/wilbur-ross-ahmsi-changes-name-adds-correspondent-lending

Discussion Forum

How can Homeward re: Power REO charge a 1% commission?

Started by Bryan Crabtree. Last reply by Kevin - Greenville, SC Feb 27, 2013. 3 Replies

AHMI

Started by Joan Vaca. Last reply by Joan Vaca Feb 26, 2013. 3 Replies

Commission Reduced - Any suggestions???

Started by Mitzy. Last reply by Sherri Elliott Dec 3, 2012. 5 Replies

Comment Wall

Comment

You need to be a member of Homeward Residential (AHMSI) to add comments!

Comment by Rimma Ludovico on August 1, 2011 at 3:52pm
Patsy, were you able to find the contact in AHMSI to stop TS? Thanks
Comment by Patsy Clevenger on July 27, 2011 at 9:04am

Does anyone have any contacts for AMHSI that will stop a trustee sale?  Have an equity sale that was tied up in probate that they want to send to sale on the 29th.  Offer just came in and escrow opened.

Thanks

Comment by Smitty on May 16, 2011 at 10:08am

Hi Wendy,

A qualified written request is part of RESPA (12USC 2605) where the homeowner can get the information on the investor.  Hope that helps

Comment by Steve Early on May 16, 2011 at 8:58am

@ Robin Choi - most likely it will be reported as "Satisfied for Less Than Amount Owed".

 

Comment by Robin Choi on May 16, 2011 at 8:25am
I have a great AHMSI approval letter, but my seller is asking, how AHMSI reports a short sale to the credit agencies.  We have a full waiver in the letter so I would like to know if anyone has an answer about the their reporting to the agencies?
Comment by Wendy Smith on April 21, 2011 at 4:53am
does anyone happen to have handy the name or number of the federal regulation that says the servicer must disclose the name of the investor upon request by the borrower.  AHSMI is denying HAFA based on non-participation of the investor but will not say who the investor is.  further, they acknowledge the borrower has a right to know but the request must be in writing but no guarantees as to how long it will take AHMSI to provide the info.
Comment by Teresa Simon on April 20, 2011 at 6:02pm
Oh... I forgot the AG's office, and 4 banks and Mer's...
Comment by Teresa Simon on April 20, 2011 at 6:02pm
My attorney has just filed a complaint with the Dept of Treasury, Office of Comptroller of Currency, Making Homes Affordable, WA DOL RE Regulatory Division regarding the practices of AHMSI and Chase on a short sale and HAFA - and lack there of - and potential policy violations and our commissions.  That's all I want to say for now.  If your client may have been HAFA eligible or your commission reduced by pressure of AHMSI please e-mail me at [email protected].  I'd like the information for future reference.  It'd be nice to close the sale, but representing my client is my priority.
Comment by Jeanette Becker on April 14, 2011 at 3:17pm
Thanks, Brian!  I sent your solution to my buyer's lender and he is forwarding it to his underwriting dept to see if we can do the same.  It always amazes me that we have such a supportive group that has seen almost everything imaginable from these lenders. I really appreciate all those who respond to my inquiries.
Comment by Missy Horst on April 14, 2011 at 2:44am

AHMSI has been one of the most frustrating lenders I have ever worked with.  We have had to resubmit our loss mitt docs numerous times (nothing was wrong or missing, they kept losing them) and by the time we finally got the docs to the right department and no one lost them, our HAFA APT had expired.  Now, we have to resubmit again with a new cover letter explaining what happened and ask for a "regular" short sale.  Meanwhile, I have a great cash offer in hand, no junior liens to muddy the water, and can't get anywhere.  We are starting over today, begging the buyer to hang in there another 45 days and praying that this moves fast.  Ya'll cross your fingers for me!!

 

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