INCREASE OF DEFAULTED LOANS

The decision by the Federal Reserve yesterday to cut interest rates by half a percentage point was the first cut of any size in four years. It occurred against the backdrop of a slumping U.S. housing market. As the mortgage servicing industry experiences an increase of defaulted loans, First American Field Services must be prepared to handle this demand. The following link provides additional insight to this trend http://www.msnbc.msn.com/id/20829849/ Director of Vendor Management