In a mortgage field services industry rife with consolidation, litigation, and labor exploitation, the recent unraveling of Field Asset Services (FAS) provides a sobering case study in how capitalized interests profit from decay—both corporate and economic. What began as a routine misclassification lawsuit ballooned into a decade-long battle, revealing the grotesque financial maneuvering at the heart of today’s asset preservation ecosystem. As Field Asset Services was carved up and passed around like a distressed asset itself—from Assurant to Xome and then to Cyprexx Services, LLC . . .
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