LandAmerica Financial Group Inc. says it is competing for the opportunity to serve as a contractor with the U.S. Department of the Treasury in providing whole loan asset management services for portfolios of troubled mortgage-related assets. Whole loan asset management is one of three categories of specialized service providers the Treasury Department is seeking in order to facilitate the $700 billion rescue plan recently approved by the U.S. Congress.
LandAmerica's internal capabilities in a proven organizational structure enable it to handle all elements involved in servicing distressed residential and commercial loans, the company says.
SOURCE: LandAmerica
