MCS Defaults On Interest Payments Entering Into Forbearance

As predicted by Foreclosurepedia, Mortgage Contracting Services (MCS), a suite of Mortgage Field Services under the banner of ASP MCS Acquisition Corporation, defaulted on their interest payments as reported by Moody’s. ASP MCS Acquisition Corp. was formed by American Securities LLC to facilitate its acquisition of MCS Group Subholdings, LLC (“MCS”). MCS provides property inspection, … Continue reading MCS Defaults On Interest Payments Entering Into Forbearance