SORT BY Relevancy
According to a recent article in HousingWire, the recent push by Fannie Mae and Freddie Mac to offload pools of non-performing loans sales will increase the depth of the distressed residential mortgage market, which could have positive implications for banks seeking to sell their own non-performing loans.
Fitch analysts believe that residential mortgage NPLs are far less of a threat to the GSEs and banks than they were five years ago, but note that 90-plus day past-due loans are still elevated relative to historical averages and relative to their contributions to total NPL levels.
Analysts believe this implies that both the GSEs and the banks remain motivated sellers of NPLs.
According to Fitch’s data, FDIC-insured banks held a total of approximately $61 billion in 90-plus days past due one-to-four family mortgages at the end of 2014 compared to Fannie and Freddie who held about $86 billion of 90-plus day delinquent loans.
These conditions make a robust NPL market a real possibility for the balance 2015 and beyond.
Joining me today to discuss Distressed Mortgage Trading is Peter Andrews, Founder & CEO of Dreambuilder Investments, a private investment firm specializing in the acquisition, management and liquidation of defaulted residential mortgages.
Peter is responsible for management of the firm’s trading activities and the continuous design and development of Dreambuilder’s proprietary, asset management platform.
Peter is also Chairman of the upcoming Distressed Resdiential Mortgage Summit to be held in New York on Sept 30th through October 1st.
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.
Eddie Speed, president of Colonial Financial and Note School, joins the broadcast to discuss the liquid and growing non-performing mortgage loan (NPL) secondary market. Eddie explains the benefits to both the seller and the buyer in transacting trades into the NPL secondary market.
For over 32 years, Eddie Speed has been a true leader and innovator in the Note Buying Industry. Already the recipient of the Note Industry Achievement Award, his industry insight, drive and leadership has positioned him as the leading expert on the greatest opportunity in today’s market: Non-Performing Notes and Seller Financing. His advice and guidance has created more successful note investors than anyone in the industry; it’s no wonder his advice is sought after by industry leaders, A-listed corporations and the industry’s top producers.
in Self Help
2015 is all about ACHIEVING BIG, CREATING RICHes!!! FOLLOW the show, listen in each week, and watch your achievements soar.
This week we are talking to Jennifer Lund.... about loving Monday's, working effectively and loving life!
Being passionate about neuroscience, NLP, personality types and insights Jennifer is now using this knowledge to help leaders and managers to discover their true potential.
Without people, there is no company, there is no revenue. Considering the detrimental effects that stress and a bad climate at work can have on an employee’s health and the outputs of a company, Jennifer believes that leaders have the responsibility to create a happy and productive work environment and lead with values and respect instead of command and control.
Call in to chat with us...at 1-818-572-2910. Chat in right here on our Show Page... Listen and SHARE! Be sure to FOLLOW our show to get updates on episodes and guests.
Your hostess, Bernadette Boas is known as a ‘ball of fire' author, speaker, screenwriter, leadership change agent and radio hostess… who inspires, motivates and equips women with the mindset and skill set needed to achieve success and prosperity in their life and business. So FOLLOW, CALL IN LIVE, CHAT with us.....or LISTEN for great tips, advice and laughs!!
1st Guest: Elisa Balabram, Intuitive Business and Life Coach.
Elisa Balabram is an Intuitive Business and Life Coach and the Author of Ask Others, Trust Yourself: The Entrepreneurial Woman’s Key to Success and Mending a Broken Heart: Lili’s Magic Journey. Her main mission is to empower her clients to achieve their full potential, practice self-love, launch and grow their businesses, live authentically, gain clarity on their purpose, and pursue their dreams and life’s purpose. She founded and published an online magazine for women business owners from 2003 to 2012, archives of the interviews can be found at Womenandbiz.com.
Through her own self-love quest, she worked with therapists, coaches and mentors, she became a Reiki Master and she continues to grow and focus on self-love on a daily basis.
2nd Guest: Michele Holmes,Certified Hypnotherapist.
Michele Holmes is a Certified Hypnotherapist and NPL Practioner who has her practice in beautiful downtown Sarasota, Fl. She specializes in helping clients create a tobacco-free life, learn to live free of fears & phobias and she helps business owners manifest the success they want to see. These mechanics work for clients with fears & phobias, stuttering/stammering, pain management, sports performance, writer’s block, memory improvement and building confidence.
Brian Grow and Gaurav Singhania of Morningstar Credit Ratings, LLC join the broadcast to discuss the growing NPL/RPL securitization asset class. Brian and Gaurav will review the current NPL/RPL market, discuss Morningstar Credit Ratings' ratings approach and examine the evolution of the non-rated to now possibly rated asset types.
Vince Orduno, of Orduno & Associates, joins the broadcast to discuss the intricacies of the Community Reinvestment Act and how the Act aligns with Neighborhood Stabilizing initiatives and objectives that many buyers of non-performing loan pools strive to achieve. Vince Orduno has extensive experience in multicultural lending and consults with investors, banks and other institutions promoting effective CRA strategies.
Christian Rudolph, manager of the Servicing Capital Group at Nationwide Credit joins the broadcast to discuss the NPL market and their process for selling, types of offerings and counter party requirements Nationwide Credit looks for.
Mark Jury, principal at Guardian Investment Banking joins the broadcast to discuss recent trends in non-performing and re-performing residential mortgage loan securitizations.
Mark is responsible for Guardians residential investment, servicing, advisory and capital markets business.
Shadow inventory has trasitioned to "Ghost Inventory". When banks sell non-performing loans or real estate to investors, the inventory falls off the grid as the bank has resloved the issue. However, most of the loans and much of the REO still exsist and will most liley be sold in the secondary or primary market at some point in the future.
Joining the broadcast to discuss Ghost Inventory is Karl Falk, Co-Founder, Chairman and CEO of tech start-up ShortSave Inc.
Skip Schenker, founder of Ready4Remodel, will discuss the intricacies, benefits and the ability to increase returns utilizing the well-known, but under-utilized, 203k renovation financing.
Increased loan trades and real estate offerings from HUD, FNMA & Freddie create a huge opportunity for 203k financing as the focus and requirements is neighbor stabilization.
Stephen E. O’Day is the Partner in charge of the Environmental Law and the Sustainability Practices at Smith, Gambrell & Russell, LLP. The Environmental Practice Group handles all aspects of traditional environmental legal issues. SGR’s Sustainability Practice Group provides focused legal advice and representation to companies and entities regarding sustainability initiatives, sustainable businesses and business practices, renewable energy, business issues, planning and litigation.
Mr. O’Day has handled environmental litigation, consultation and negotiations for over 32 years. He advises clients in connection with the full range of environmental issues, including National Pollutant Discharge Elimination System (NPDES) permits and Clean Water Act compliance, Clean Air Act permits and compliance, Resource Conservation and Recovery Act permitting and compliance including solid and hazardous waste treatment, disposal and cleanups, Superfund cleanups, toxic tort claims, Federal Insecticide, Fungicide and Rodenticide Act permitting and compliance, Toxic Substances Control Act compliance, right to know legislation under OSHA and the Superfund Amendment and Reauthorization Act, water law and other environmental matters. He handles administrative proceedings on state and federal levels in connection with issues ranging from usage of real property to compliance with federal and state environmental laws. He represents clients in litigation across the country involving environmental matters such as toxic tort litigation, nuisance litigation, hazardous waste cleanups, including sites both on and off the NPL, Clean Water Act citizen suits and compliance litigation, facilities compliance with the Resource, Conservation and Recovery Act, mold litigation and landfill issues.