Liquidity Crisis Hits Home As Money Dries Up In The Industry

MCS Pays Upon $450 Million In Debt Before A Penny Goes To Labor!

With Margin Calls coming in daily and a near term hiatus on all foreclosures, National Association of Mortgage Field Services (NAMFS) members like Mortgage Contracting Services (MCS) have begun laying off personnel. MCS, which has had hundreds of millions of dollars in debt weighing down their balance sheets since the purchase of Asset Management Specialists (AMS), nearly a decade ago, is indicative of the dangers which are lurking out there for Labor. Here is how Registering Here, and selecting Industry Insider, to gain access.

 

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