Welcome to Nationwide Management Services, Inc.
Our services are supported by a unique and proprietary fully-automated inspection system. Our system allows our agents to contact and complete your requests much faster and more effective than our competitors. We ensure you get the right service and provide you with access to comprehensive reports so that our relationship is 100% transparent. Our goal is to maximize every dollar you spend with us and to enhance the overall loss mitigation experience with you as well as your customer.
More than a half-million loans remained in forbearance at the end of February according to the Mortgage Bankers Association (MBA). Its monthly Loan Monitoring Survey, which coverers 73 percent of the 36.4 million loan first-mortgage servicing market, shows the preponderance of forborne loans are being serviced for bank portfolios or private label securities (PLS).
The 590,000 loans represent a 12-basis point decline from January, leaving 1.18 percent of all active mortgages in the program. The share of Fannie Mae and Freddie Mac (GSE) loans in forbearance decreased 8 basis points to 0.56 percent and those serviced for Ginnie Mae (FHA, VA, and USDA loans) fell 10 basis points to 1.50 percent. There was a 30-basis point decline in portfolio and PLS loans, but the forbearance share is