Issue link: http://dsnews.uberflip.com/i/1020584
» VISIT US ONLINE @ DSNEWS.COM 105 Additionally, the state of Texas will provide $1.1 billion each to the City of Houston and Harris County, allowing these jurisdictions to address their unmet recovery needs. Plans for use of these funds will be submitted by the city and county to the state for approval. Funding set aside for the state's program costs—including contract administration, compliance monitoring, the provision of tech- nical assistance to applicants and subrecipients, etc.—will total $251 million. Dyck-O'Neal, Inc. Celebrates 30th Anniversary Dyck-O'Neal, Inc., a Texas-based subsid- iary of e Prescott Group, recently celebrated its 30th anniversary, following a year of growth and expansion. Originally founded in 1988 as a debt recovery firm specializing in the nation- wide resolution of commercial and consumer judgments, deficiencies, and charge-offs, the company has evolved over the years and now purchases and services a variety of performing, sub-performing, and non-performing loans. In 1993, Dyck-O'Neal partnered with the FDIC in its JDC program, working to resolve and recover on portfolios of loans from failed financial institutions. Dyck-O'Neal's partner- ship with the FDIC continues today, and the company also offers a full scope of loan resolution services, including turnkey portfolio review, servicing, and recovery for acquired portfolios and whole-loan purchases, provid- ing services for the GSEs, FDIC, mortgage insurers, banks, private equity firms, mortgage REITs, and investors nationwide. "Dyck-O'Neal's growth has been driven by our strategic approach to putting borrow- ers first when settling or servicing real estate debt," said Jori O'Neal, Founder. She added, "Our professional staff helps families improve their credit and live a better life." President and CEO Jud Pankey com- mented, "We thank our partners, clients, and amazing team that delivers best-in-class results for every borrower." Dyck-O'Neal is now a nationwide debt buyer, loan servicer, and debt collector, special- izing in mortgage-related debt—judgments, mortgage deficiencies, charge-offs, non-per- forming and sub-performing first and second liens, short sale and deed-in-lieu workout notes, and all types of commercial real estate debt. Dyck-O'Neal is a partner in the invest- ment, management, and equitable resolution of distressed and under-managed real estate debt. Delivering news you need. When you need it. Sign up for new alerts each morning to get the industry's top stories delivered direct to your inbox. Register for the Daily Dose at DSNews.com F R E S H L E Y B R E W E D , E V E R Y M O R N I N G R E G I S T E R F O R T H E D A I L Y D O S E A T D S N E W S . C O M GET YOUR MORNING PICK-ME-UP