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Wilshire Credit Corp Closing REO Dept

Looks like as of March 1st Wilshire will be closing their REO Dept. according to a letter sent out to brokers.

"A spokesperson with BofA told REO Insider that the bank will retain ownership of the loan portfolio serviced by Wilshire, and they were not

Attn: Countrywide/BofA REO Agents!

What's the latest? Here in AZ, they haven't foreclosed on anyone in over 6 months. Since the moratorium last year, it's been DEAD. We've had a few trickle in (maybe 1 a month), but that's it.I'm hearing different stories out there... the head of the

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Wilshire Credit Corp Closing REO Dept

Attn: Countrywide/BofA REO Agents!

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