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  • 00:37

    Capital Raise For The Distressed NPL & RE Investor - Shetty, Tremony Capital

    in Finance

    According to a recent article published by Bloomberg, Oaktree Capital has raised $7 billion for a distressed debt fund as it prepares for the economic recovery to falter.


    For most investors, a capital raise the size of OakTree is simply out of the question.  However, there are still many opportunities in the NPL and distressed real estate space for middle lower market investors especially as FHA, FNMA and Freddie increase their NPL sales creating secondary markets for smaller investors.  Many middle and lower market funds are in active capital raise mode as we head into the 3rd and 4th quarter of the year.
     


    Joining the broadcast to discuss the capital raise process is Bina Shetty, Head of Strategic Advisory at Tremony Capital.


    Bina Shetty joined Tremony Capital, as the Head of Strategic Advisory with a mission to expand Tremony’s third-party strategic advisory capabilities for lower middle market financial institutions and real estate focused businesses. Prior to joining Tremony, Bina was a Managing Director at Milestone Advisors, a boutique investment bank that exclusively focused on middle markets financial services clients across the depository institution, distressed real estate, specialty finance and financial technology sectors. 

  • 00:27

    Housing Reform - Nyitray, Director of Capital Markets at iServe Lending

    in Business

    Brent Nyitray, Director of Capital Markets at iServe Residential Lending joins the broadcast to discuss five possible elements of housing reform.  Legislation, Mel Watts, FOMC minutes and current homebuilder earnings are also examined.

  • 00:36

    iServe Residential Lendings Capital Markets Update

    in Finance

    Brent Nyitray, Director of Capital Markets at iServe Residential Lending discusses relevant events impacting interest rates, equity markets and housing.  

  • 00:03

    Capital Deployment Opportunities - DiPalma, Garnett Capital Advisors

    in Finance

    Lou DiPalma, Managing Partner of Garnett Capital Advisors joins the broadcast to discuss capital deployment opportunities.


    Garnet Capital Advisors is a financial-services company specializing in managing loan portfolio sales and providing valuation services to banks and other credit grantors.


    DiPalma manages Garnet’s client-origination and portfolio-sales efforts. Lou’s asset brokerage experience includes credit cards, installment loans, mortgage and commercial loan products.   Lou has written for and been widely quoted in numerous industry publications including American Banker, The Financial Times (London), and Collections and Credit Risk. 


     

  • 00:31

    Capital Deployment Opportunities - DiPalma, Garnet Capital Advisors

    in Finance

    Lou DiPalma, Managing Partner of Garnet Capital Advisors joins the broadcast to discuss capital deployment opportunities.


    Garnet Capital Advisors is a financial-services company specializing in managing loan portfolio sales and providing valuation services to banks and other credit grantors.


    DiPalma manages Garnet’s client-origination and portfolio-sales efforts. Lou’s asset brokerage experience includes credit cards, installment loans, and mortgage and commercial loan products.   Lou has written for and been widely quoted in numerous industry publications including American Banker, The Financial Times (London), and Collections and Credit Risk. 

  • 00:31

    Reverse Home Equity Conversion Mortgages , Fontanilla, Madison Paige Capital

    in Finance

    The Home Equity Conversion Mortgage (HECM) is FHAs reverse mortgage program which enables you to withdraw some of the equity in your home. The borrower chooses how they want to withdraw their funds, whether in a fixed monthly amount or a line of credit or a combination of both. Borrowers can also use a Home Equity Conversion Mortgage to purchase a primary residence if the borrower is able to use cash on hand to pay the difference between the HECM proceeds and the sales price plus closing costs for the property that is being purchased.  


    As the demographics of the nation continues to trend towards older homeowners, this could be an area of high growth for mortgage originators and investors.


    Joining the broadcast to discuss Home Equity Conversion Mortgages is David Fontanilla, Founder and Managing Partner of Madison Paige Capital and Pioneer Analytics.  David has been involved in an array of residential mortgage capital markets activities, ranging from structuring, negotiating and executing portfolio Acquisitions, dispositions and securitizations to company acquisitions and public policy formulation.

  • 00:34

    Raising Capital From Family Offices - Wilson, CEO Family Offices.com

    in Finance

    Richard Wilson founded The Family Offices Group six years ago and which has subsequently grown to be the largest association in the industry providing training, industry reports, and services to over 1,000 family offices around the globe.  Wilson is also the author of the The Family Office Book which can be found at Barnes & Noble and Amazon.com.  Wilson will discuss strategies for raising capital from Family Offices as well as new trends in co-investment, club deals and direct investments.

  • 00:32

    Whole Loan Trading Trends - LeBlanc, MD-Capital Markets at DebtX

    in Finance

    Liquidity, compliance, transparency and leverage drive mortgage whole loan trading to higher volumes in 2013 into 2014 and beyond.


    David LeBlanc, Managing Director at DebtX, joins the broadcast to discuss whole loan trading trends.

  • 00:33

    Distressed Real Estate Sales & Housing Trends – Rich Sharga - EVP, Auction.com

    in Finance

    According a recent Core Logic Report, Distressed sales—real estate-owned (REO) and short sales—accounted for 9.9 percent of total home sales nationally in May 2015, down 2.8 percentage points from May 2014. Distressed sales shares typically decrease month over month in May due to seasonal factors, and this distressed sales share was the lowest for the month of May since 2007 when it was 5 percent.


    Within the distressed category, REO sales accounted for 6.4 percent and short sales made up 3.5 percent of total home sales in May 2015. The REO sales share was the lowest since October 2007 when it was 6 percent. The short sales share fell below 4 percent in mid-2014 and has remained stable since then.


    The ongoing shift away from REO sales is a driver of improving home prices since bank-owned properties typically sell at a larger discount than short sales. There will always be some level of distress in the housing market, and by comparison, the pre-crisis share of distressed sales was traditionally about 2 percent. If the current year-over-year decrease in the distressed sales share continues, it would reach that “normal” 2-percent mark in mid-2018.


    Joining me today to discuss housing and mortgage trends Rick Sharga, Executive Vice President at Auction.com.  Since 2003, Rick has been an industry spokesman covering the US Housing Market, Mortgage Industry and Real Estate trends, Rick’s is a sought after speaker and has been featured on Bloomberg, CNBC, CNN, FOX Business, MSNBC and other radio and news outlets.


    Auction.com is the largest nationwide online auctioneer of real estate

  • 00:34

    Crowd Funding Real Estate Transactions - d'Errico, CMO - Patch of Land

    in Finance

    According to a recent article in Bloomberg, New York’s first real estate project financed significantly though crowdfunding is set to open.  The AKA United Nations is an extended-stay hotel-condominium on Est 46th Street will start taking guests on Sept 10th. 


    The crowdfunding campaign drew 116 backers, pledging at least $20,000 each. They can expect a return on their investment of 19 percent to 23 percent, mostly from sales of the units and some from hotel fees, according to the mangers.  Another interesting aspect is that 90 percent of the crowdsourced money came from outside the U.S.


    According to experts, amassing small contributions for real estate is still a very small part of the real estate finance industry, but it has huge growth potential.


     


    Joining the broadcast to discuss real estate crowd funding is AdaPia d’Errico, Chief Marketing Officer at Patch of Land.


    Patch of Land (POL) is a leading alternative solution for real estate financing that brings borrowers and lenders together through a simple online interface.


    As Chief Marketing Officer at Patch of Land and the company's earliest employee, AdaPia drives brand, messaging and positioning, as well as marketing strategy and initiatives. Having joined in the first three months of the company's product launch, she is responsible for public facing initiatives, and leading strategic partnerships and business development. She's been an integral part of the company's stellar growth, from bootstrapped start-up to venture-funded leader in its category.

  • 00:34

    Alternative Mortgage Lending, Janc/Morgensen - Angel Oak Home Loans

    in Finance

    Although some investors are still holding tight to credit standards, mortgage credit availability loosened last month, according to a recent Mortgage Bankers Association report.  The MBA concluded that the Mortgage Credit Availability Index (MCAI) increased 0.5 percent to 122 in April.


    Of the index’s four components, Government lending saw the greatest easing and was up 1.1 percent over the month. The Jumbo index increased of 0.8 percent and the Conforming index saw an increase of 0.2 percent. The Conventional index decreased 0.6 percent.


    It appears the increase was driven by new offerings of FHA’s 203(k) home improvement program, new VA offerings and new jumbo products. The increase was partially offset by some investors tightening underwriting criteria on conventional cash out offerings.”


    Joining me today to discuss alternative mortgage lending is Lee Janc, a Strategy and Business Development Executive for the Financial Service Industry and Eric Morgensen of Angel Oak Home Loans.  Angel Oak Home Loans serves both the Retail and the Wholesale markets and specializes in non-conforming products.