Through the sale to Ascendancy, who specialize in distressed asset management, alternate financing solutions can be made available for customers.

No, the terms of your mortgage will not change

Ascendancy is a private asset management firm that acquires, manages, and services distressed loans. Ascendancy works with mortgage clients providing flexible financing solutions, offering, when possible, the opportunity to customers to stay at their homes by providing innovative solution products which may not be available through a financial institution.

Mortgage loans have property as collateral or guarantee of payment. Ascendancy offers its customers, when possible, Solution Products that aim to help them stay home.

If your loans have defaulted for non-payment, your bank may have sold them to Ascendancy. If your other loans are current, then they remain at your local bank.