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AHP SERVICING launches USD 50m regulation A offering.

BANKING AND CREDIT NEWS-November 16, 2018-AHP SERVICING launches USD 50m regulation A offering

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AHP SERVICING has announced the launch a USD 50 million Regulation A offering to develop its mission of helping homeowners avoid foreclosure on their homes, the company said.

AHP SERVICING uses crowdsourced funds to purchase past due loans at a discount, working with financial institutions to purchase loans that have fallen behind in payments but have the potential to be restructured or settled. It then works with homeowners to stay in their homes or resolve their debt at a discount.

AHP SERVICING's sister company, American Homeowner Preservation (AHP), was the nation's first crowdfunded distressed mortgage offering. It has a 10-year success story of socially responsible investing and keeping financially distressed homeowners in their homes. AHP SERVICING combines all necessary functions in the mortgage servicing process brought together under one roof, under stricter controls.

AHP SERVICING is a specialty servicer of past due residential mortgages. In addition to servicing loans for third parties, it invests in and services non-performing loans that have the potential to be restructured or settled rather than being written off.

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Publication:M2 Banking & Credit News (BCN)
Date:Nov 16, 2018
Words:205
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