SORT BY Relevancy
According to a recent Wall Street Journal article, European financial institutions and asset management agencies greatly picked up the pace of sales of distressed assets last year.
Deals grew in size, as financial institutions accelerated the deleveraging process and American buyers continue to dominate the field acquiring 77% of all the assets up from 67% the previous year.
2016 is gearing up to be another big year in NPL sales as southern and eastern Europe play a more crucial role in 2016.
Joining the broadcast to discuss the European NPL market is Nil Wadehra. Nil is the Investment Development & Production Manager at DDC Financial Group. DDC Financial Group acts as a link between sellers and investors expanding the almost non-existent secondary market in many of the countries that hold a large portion of the existing NPL portfolios.
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.
The non-performing loan market has swelled in the past few years. Several billion are sold every quarter just from the GSEs and HUD. However, the secondary market has become very competitive and buyers need unique strategies and partnerships to acquire notes at more competitive price. Aligning with a non-profit can be beneficial to both the investor and the non-profit. Many loans are sold from HUD with specific outcome requirements that create a unique secondary market for the right partnership.
Joining the podcast is Tim Hayes with Southside Community Development. Tim works to partner investors and non-profits together in order to become qualified buyers NS Capitals non-performing loan and REO portfolio.
HUD has announced the latest sale in the Distressed Asset Stabilization Program (DASP) consisting of one offering date with National Pools and Neighborhood Stabilization Outcome (NSO) Pools offered on November 18, 2015. HUD's NSO offerings will include one pool for which only non-profit bidders or units of local government are eligible to bid.
HUD announced significant changes in DASP back in April in order to achieve better outcomes for borrowers. Under the new rules, loan servicers are required to delay foreclosure on a home for a year and evaluate all borrowers facing foreclosure for participation in the government's HAMP or a similar loss mitigation program.
The improvements to the NSO sales portion of DASP include giving non-profits a first look at vacant properties, allowing purchasers to re-sell notes to non-profits, and offering a pool of loans for non-profits only.
On October 21, 2015, HUD produced a webinar that was geared towards non-profits outlining the process of obtaining bidder approval, reporting requirements and required outcomes. The webinar featured Neighborhood Stabilization Capital Management, an investment firm dedicated to working with HUD to promote the DASP program and non-profit inclusion.
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.
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