The servicing of thousands of active home-equity lines of credit that are securitized is being transferred from Ditech Financial LLC next month.
In all, the Fort Washington, Pennsylvania-based firm is transferring servicing on 3,020 HELOCs that are part of three residential mortgage-backed securities.
Those trio of RMBS were issued by RFMSII Home Equity Loan Trust. They include series 2006-HSA4, 2006-HSA5 and 2007-HSA1.
Source: Mortgage Daily