Assurant Inc. ( AIZ ), a premier provider of specialty insurance and services, announced that Assurant Specialty Property has acquired Field Asset Services (FAS) from FirstService Corporation in a cash transaction for $55 million.
The company stated that about 300 employees of Field Asset Services, along with employees of Assurant Property Advantage, will be part of a newly formed business.
I don’t get. The mortgage field services business is drying up as mortgage delinquencies and foreclosures are down big. Safeguard buys Bank of America Field Services and Assurant buys Field Asset Services in a big down market for mortgage field services? The good old days are gone. What am I missing here?
READ MORE >>>>
SOFIBlog.com ... 352-324-6042 Florida 
Got to keep the records flowing like hot potato. Can’t let the fraud and deceit be truly known.
While there is a current downturn in new mortgages, and also a decline in REO and foreclosures. Many people took advantage of the lower interest rates over the spring and summer. In the coming year, as economy continues to decline….many of the newer refinances will go into foreclosure.