Brooke Capital Re-Evaluates Loss Mitigation Relationships

Brooke Capital Corporation today announced that it has notified certain securitization trusts that it will discontinue providing services to troubled borrowers unless past due servicing fees are immediately paid. As outlined in the recent Form 10-Q filing with the SEC, Brooke Capital is owed fees for collateral preservation consulting by securitization trusts. The amount of these past due fees is nearly $7 million. read more

Source: Brooke Capital Corporation