SOURCE: MB Capital Management

August 30, 2007 17:46 ET

California Company Launches Mortgage Relief Services for Lenders

LAGUNA NIGUEL, CA--(Marketwire - August 30, 2007) - Thanks to an innovative, newly developed service, there's now a discreet, proven way for lenders holding first trust deeds in default to ease the hit to their bottom line.

MB Capital Management announces "Solutions for Non-Performing Assets" geared toward lenders with small pools of Notices of Default that aren't large enough to sell on Wall Street. Smaller lenders, credit unions and the like are his target market.

"The industry is now in a state of flux never before seen," says Warren Baker, President of MB Capital Management. "There's a need in this new financial environment for a solution for those lenders that are caught in the middle."

"We're poised to help," says Mr. Baker, who has many years in the financial services arena of Real Estate and immediately saw a niche that no other organization was filling.

Because MB Capital Management is located in Southern California, they're currently concentrating on loan pools for homes in both Orange and San Diego Counties. Mr. Baker says, "Our office location is perfect for where the big hit is right now." Southern California is leading the foreclosure market right now, with concentrations in Southern California.

"It's a win/win for everyone," he says. MB Capital Management will purchase small loan pools that are otherwise difficult to sell. The lender wins by removing the debt from the books; shareholders win by not having to carry REO servicing costs; and the market wins because MB takes over the loan.

For more information and a confidential, no-obligation consultation, lenders may call the company at 949-249-1171, or log onto the company's website at www.mbtdi.com.

Contact Information

  • Contact:
    Warren Baker
    President
    MB Capital Management
    30100 Town Center Drive, Suite O-171
    Laguna Niguel, CA 92677
    Phone: (949) 249-1171
    Email Contact