Capital Markets Today

How To Hedge Real Estate Value Decline, John Dolan HomePriceFutures.com Nov 16, 2022

John Dolan's contact Info provided at the end of the podcast.

Back in July, Redfin paid $610,000 for a two-bedroom single family home in Las Vegas and a few weeks later put it back on the market for $674,900. However, Las Vegas quickly went into a home price correction and the property currently remains unsold with a list price of $499,900, 18% below the acquisition price.

As a result of the nationwide decline in values, Redfin recently announced its shutting down its algorithm-run iBuyer business.

As the market changes direction, how can real estate related investors protect or hedge the downside of their portfolio?

Joining the podcast to discuss hedging real estate is John Dolan with HomePriceFutures.com.

Home Price Decline, Daren Bloomquist, VP Market Economics at Auction.com Nov 14, 2022

The housing slump is the economy’s biggest casualty so far from a series of Federal Reserve rate hikes designed to tame inflation.

Lobbyists are scrambling to get help from Washington as housing the market demand tanks in response to rising interest rates and falling home prices.

What do investors think? Futures contracts on the Case Shiller Home Price 20 city Index which trades on the Chicago Mercantile Exchange are trading almost 20 points down from the peak of 327 a couple of months ago to 268 for January 2024 contracts. This is slightly lower than what the index was pre-covid.

Joining the podcast to discuss home values is Daren Blomquist, Vice President of Market Economics at Auction.com

CMT Provides Context & Clarity to KQED SB 1079 Criticism Nov 14, 2022

Recently a nonprofit came under fire via an article published by a local NPR office in the California bay area, KQED. Southside Community Development and Housing Corporation (SCDHC), a 501(c)(3) with operates its asset management business out of Encinitas CA to use the tools granted by SB 1079 to promote its mission of homeownership.

This podcast will provide context and clarity to the outcomes in which the article tried to paint in a poor light for political purposes.

Gov. Financial Intervention in Response to Covid – Vossmeyer, Claremont McKenna Oct 27, 2020

As the nation struggles to get back to some type normalcy, the reality is that we will see further shutdowns as we head into the winter months. It’s impossible to forecast the full economic and financial impact of the pandemic, but we do know that many people are unlikely to return to normal work and economic consumption patterns anytime soon. It’s also anticipated that household and business defaults will likely increase and negatively affect the financial sector.

Joining the podcast to explain the federal government’s response and potential future intervention is Angela Vossmeyer, Assistant Professor of Economics at Claremont McKenna College and a Faculty Research Fellow at the National Bureau of Economic Research. Dr. Vossmeyer’s research interests include econometrics, simulation-based inference, financial economics, financial crises, and economic history.

The Normalization of Distressed Debt Part 2 - The Unemployment Rate - Mini Pod Oct 25, 2020

In the past few months millions of people have lost their jobs and we have seen the most rapid spike in unemployment in history. This is not your typical unemployment event and the way the government reports the unemployment rate may not have caught up with the new economy.

Welcome to Capital Markets Today. I am producing a series of podcasts that demonstrate to investors why distressed debt, specifically, distressed real estate or (REO) and mortgage loans (NPL) may be a good investment to include in your investment portfolio. Today I will focus on the unemployment rate that is being publish compared to the amount of people who are actually not working.

Why Distressed Debt - Crisis May Be Looming Part 1 - Mini Podcast Oct 08, 2020

Welcome to Capital Markets Today. I will be producing a series of podcasts that help explain to potential investors why distressed debt, specifically, distressed real estate or (REO) and mortgage loans (NPL) may be a good investment to include in your investment portfolio. There are many issues brewing that could trigger increased REO and NPL opportunities besides the obvious Covid related problems being discussed in the news daily. Today I will focus on one issue that could cause problems for decades to come.

Currently, most of us are focused on the immediate impact of the Covid crisis, the shut down, unemployment, interest rates and government stimulus. All these issues have caused the immediate scenario that we are operating in today, but what is the long-term impact? And does this long-term impact create a long-term opportunity for NPL and REO buyers?

As most of the news talks about enforcing mandatory lockdowns and handing out money to citizens, there has been a problem that has been rapidly expanding in the background. In fact, this problem might create a crisis that will not just be felt in the next week, the next month, or even the next year, but it might be felt for several decades to come.

PEMCO Capital Launching Distressed Reg D Fund Jul 09, 2020

The latest long-term mortgage default projections from many analyst is now hovering around 7%. This number will be bifurcated by loan product with FHA loans seeing the bulk of the defaults. However, this number is pure projection and the long term number will depend on

Expiration of the supplemental unemployment benefits due to occur at the end of July
A further increase in the unemployment rates and continuing jobless claims.
And Potential decline in home values

Joining the podcast today to discuss the NPL market and its outlook is myself. I was recently invited on an IMN podcast where I discuss the market and the launching of our shinning new Reg D distressed asset fund. We are putting on the final touches on the fund and it should be ready to launch within the month.

I am CEO and Founder of PEMCO Capital Management and our firm has been providing platform for institutional investor to gain exposure in niche sectors within the distressed residential mortgage and real estate markets. With our Reg D, we are now providing our institutional platform to accredited retail investors as well.

C-19, Real Estate Note Investing Post Covid-19, Cody Faller, Faller Financial Jun 04, 2020

In April, the unemployment rate increased from 4.4% to 14.7%, the largest one month increase in history. It is likely that the unemployment rate hits 20% in May and some forecast a 25% unemployment matching that of the Great Depression rate.

However, the more concerning percentage is the estimate by many economists that 40% of the jobs lost will be permanent. No matter how the numbers turn out, there will be a significant impact to mortgage defaults, especially on modified and FHA mortgage loans.

Joining the podcast today to discuss the outlook for real estate note investing is Cody Faller, Founder and Chief Investment Officer of Faller Financial. Faller financial works with investors across the country from large banks and hedge funds to individual note buyers.

C-19, "Another Real Estate Crash Is Coming", Qazi, PhD Candidate Unv. of London May 29, 2020

The COVID-19 crisis, like the subprime mortgage crisis a decade ago, has sparked major public interventions to stabilize the financial markets. But the Fed isn’t stepping in to bail out the real estate sector — and the big losers are set to be ordinary households.

This is the intro to an article title “Another Real Estate Crash Is Coming” written by Shehryar Qazi, a doctoral student and researcher in political economy at the University of London

We are fortunate to have Shehryar on the podcast today to discuss the article and obtain his thoughts on how the real estate market will play out over the next 18-24 months. Shehryar is a PhD Candidate in the department of economics at the University of London and is the coordinator for the universities “Political Economy of the COVID-19 Crisis” project.

C-19, Secondary Mkt Loan Sales: Opportunity or Business as Usual, LeBlanc-DebtX May 22, 2020

For distressed debt buyers, it could be the calm before the storm. Some deals are floating about with investors pricing them as a sort of reconnaissance exercise to determine the bid/ask levels.

The first wave to hit was leveraged lenders, but most expect a sharp increase in deal flow by the 3rd or 4th quarter once participants on both the buy and sell side have more transparency on how the Covid-19 issue will play out.

Joining the podcast to discuss the approaching NPL opportunity is David LeBlanc, Managing Director at DebtX. David covers banks, investment banks, opportunity funds, hedge funds and other institutional investors active in the secondary market. David previously ran DebtX's trading desk for 10 years, including during the great financial crisis. He has traded over $30B in distressed and performing commercial and residential real estate and corporate debt in the secondary market.

COVID-19, Impact On Trading Alternative Whole Loans, Stephen Bones-Banes Capital Apr 16, 2020

In just a matter of days, origination of alternative loans, known as “non-QM lending,” came to an abrupt halt. Non-QM investors worry about risk in an economy shaken by COVID-19 and have stopped buying new loans.

Non-QM lenders now have loans sitting in their pipeline with no buyers. This creates a problem for lenders as most are not set up to own loans and are required to move the loans off their warehouse lines.

Joining the podcast to discuss buying and selling in the alternative loan market is Stephen Bone, Head of Whole Loan Trading at Banes Capital Group. Stephen’s desk trades non-governmental guaranteed residential and commercial whole loans.

COVID-19, Prepare Your Florida Portfolio For Surge In FC & BKs, Howard Law Grp Apr 15, 2020

More than 10 million people applied for unemployment benefits in the last two weeks of March due to Covid-19 and some analysts predict the unemployment rate could climb to 25%. Florida was hit hard in the 2008 crash and many in the state fear the Covid-19 shut down could result in more foreclosures and bankruptcies seen in past recessions.

Joining the podcast to discuss what to do now to prepare your portfolio for increased defaults in Florida is Harris Howard, managing partner of the Howard Law Group. Harris focuses his practice on the representation of servicers and investors in real estate litigation.

COVID-19, Home Sales & Values, Daren Blomquist, VP Market Economics, Auction.com Apr 14, 2020

As we head into the spring home selling season, economist are predicting a dismal performance. There are estimates that home sales could fall by 35% annually compared with previous years. Analysts are watching closing to see if the strong monetary policy implemented in conjunction with pent up demand will create a positive rebound over the summer.

Joining the podcast to discuss housing is Daren Blomquist, Vice President of Market Economics at Auction.com. Daren analyzes economic data trends within the real estate market in an effort to create a more efficient marketplace for distressed sellers and buyers.

COVID-19-Lending and Margin Calls, Nyitray, Director of Cap Mkts-Ark Mortgage Apr 11, 2020

The bond purchasing program initiated by the fed along with the impact of COVID-19 has created extreme volatility in the 10-year treasury which influences long-term mortgage rates. Just this month, the 10-year ranged from 45 basis points to 1.2%.

As a result of the erratic bond movement, there has been a wave of margin calls by broker-dealers who sold hedges to mortgage bankers quickly eroding the bankers working capital.

Joining the podcast to discuss the mortgage market is Brent Nyitray, Director of Capital Markets at Ark Mortgage. Brent is also the author of the Daily Tear Sheet’s, “Morning Report”, a daily update on financial markets and the economy.

COVID-19 - Mortgage Servicing Impact, Gagan Sharma, President/CEO BSI Financial Apr 09, 2020

Servicers are required to advance principal and interest on securitized mortgage loans to investors even if the borrower stops making payments.

Earlier this week, to the dismay of many in the servicing industry, the Federal Housing Finance Agency announced it has no plans to create a federally backed liquidity facility to assist struggling servicers. In fact, The Agency will simply transfer servicing in the event a servicer lacks enough cash on hand, most likely causing another round of servicing consolidation or perhaps forcing some servicers out of business.

Joining the podcast to discuss servicing in todays COVID-19 environment is Gagan Sharma, President and CEO of BSI Financial Services. Gagan acquired BSI Financial from a bank in 2006 and has grown BSI to one of the top nationwide special servicing platforms

COVID-19, 2008 / 2020 Crisis Comparison, Staley-Pinnacle Rock Capital Apr 08, 2020

Welcome to Capital Markets Today. This month, we are producing a series of podcasts featuring industry experts to discuss the impact of the covid-19 crisis on mortgage origination and distressed mortgage and real estate related assets.

Today, we are going to explore the difference between todays COVID-19 based economic collapse versus the 2008 financial and mortgage induced collapse.

Many will argue a collapse is a collapse and as a result, we’ll see job loss, mortgage defaults and home value declines.This may be true, but there are 4 major differences today then in 2008.

The first is that FHA is a much larger percentage of the mortgage market than in 2008.
Second the fed cannot cut rates further unless we go negative
Third, any fiscal stimulus will add to an already gigantic deficit.
And Fourth, everyone will be dealing with a large healthcare crisis on top of a recession.

Joining the podcast to discuss the comparison of the 2008 and 2020 financial crisis is Brad Staley, Managing Member of Pinnacle Rock Capital. Brad is also the author of a white paper title “2008 Subprime Mortgage Crisis vs. the 2020 COVID-19 Economic Collapse.

MWM Fund Series #2, Note Investing For The Individual Investor Oct 22, 2019

Welcome to Capital Markets Today and the MWM Fund Note Investing podcast series.This is the 2nd in a series of 5 podcasts discussing the creation and strategy of the MWM Fund, a req A fund enabling the smaller investor to participate in the non-performing note investment niche.

Joining the podcast today is TJ Osterman and Rick Allen, founders of the MWM Fund. In the last podcast, we discussed the opportunity in the note space as well as the overall strategy of the MWM Fund. Today, we will get more into the weeds and discuss the fund structure, how to participate, fees and anticipated return.

MWM Fund Podcast Series #1, Note Investing For The Individual Investor Oct 14, 2019

Freddie Mac just announced it began marketing a non-performing loan sale with about $400 million in Unpaid Principal Balance. The loans are being sold via five pools, four standard pool offerings and one extended timeline pool designed for smaller investors and non-profits.

The definition of smaller investor is relative, for example the smaller expo pool is in excess of $20 million in UPB. Over the past few months, a portion of our audience made up of the smaller investor have asked how they can participate in the growing non-performing mortgage loan asset class. As a result, we are putting on a series of podcast to educate our listeners on how they can participate.

Joining the podcast today is Kevin Shortle, a seasoned investors with over 25 years of experience in the real estate and mortgage space. Kevin is also the author of the book “Real Estate Without Renters” and trains note investors nationwide.

IMN OZ Forum Series - OZ Structures,Deals & Misconceptions, Molosky, Partner at Duane Morris LLP Sep 06, 2019

The IMN Opportunity Zone Forum is being held in Chicago on September 19th. Listeners of the podcast can use code NSCM20 when registering for a 20% discount

It was recently announced that PTM Partners and Estate Investments Group secured a $55 million construction loan to build an 18-story apartment project in an Opportunity Zone. The development group also secured about $18 million in mezzanine financing in addition to the construction loan.

The developers are building a 360-unit multifamily building in Miami near the Miami Central train station. The deal marks one of the first construction loans given to an Opportunity Zone project in South Florida.

Joining the podcast to discuss Opportunity Zones is Brad Molotsky, attorney and partner at Duane Morris. Brad practices in the area of real estate law and is co-head of the firms Opportunity Zones practice group.

IMN OZ Forum Series - OZ Strategies and Asset Classes, Craig Bernstein, Principal of OPZ Bernstein Sep 05, 2019

The IMN Opportunity Zone Forum being held in Chicago on September 19th. Listeners of the podcast can use code NSCM20 when registering for a 20% discount

Silverback Development recently announced it has raised $50 million in capital to seed a new Opportunity Zone Fund. The capital will be used to accelerate its expansion to markets including Louisiana and North Carolina. Silverback currently has four OZ sites which include Astoria, Long Island City, South Bronx and Stamford, Connecticut.

Joining the podcast to discuss Opportunity Zones is Craig Bernstein, Principal of OPZ Bernstein, a subsidiary of The Bernstein Companies, a Washington, DC based real estate investment management firm. Prior to founding OPZ Bernstein, Craig the Chief Investment Officer of White Star Investments, a prominent single-family investment office in Bethesda, MD.

IMN OZ Forum Series - QOZ Markets & Risk, Kahane, Opportunity Devlp Group Sep 04, 2019

The IMN Opportunity Zone Forum forum is being held in Chicago on September 19th. Listeners of the podcast can use code NSCM20 when registering for a 20% discount

Normandy Real Estate Partners is the latest major real estate player to launch an opportunity zone fund. The New Jersey-based fund announced its first development deal acquiring a property in Prince Georges County, Maryland. Normandy bought the property for 6.3 million and plans to demolish the existing building and develop at 160 thousand square foot warehouse.

Joining the podcast to discuss OZ markets and risk is Gavriel Kahane, Managing Partner and Chief Investment Officer of Opportunity Development Group or (ODG). ODG has launched a Qualified Opportunity Fund to invest in opportunistic development and redevelopment projects in targeted growth markets.

IMN OZ Forum Series - Homan, QOZ Explained - Javelin 19 Investments Aug 27, 2019

The IMN Opportunity Zone Forum is being held in Chicago on 9/19/19, listeners of the podcast can use code NSCM20 when registering for a 20% discount

To stimulate greater multifamily residential and commercial development in Opportunity Zones, Ben Carson recently announced that FHA will now insure mortgages on mixed-use development under the agency’s Section 220 Program in thousands of lower income communities across the country. The 220 program insures lenders against loss on mortgage default.

Carson’s announcement expands eligibility of mortgages insured under this program to all Opportunity Zones, including those located in rural areas.

Joining the podcast to discuss opportunity zones is Jill Homan, President of Javelin 19 Investments, a Washington DC based real estate investment, development and advisory firm.

Since January, Jill has worked with legislative and administration members to develop a comprehensive understanding of the opportunity zone incentive. Jill testified at the first IRS Opportunity Zone hearing in February 2019 and is scheduled to testify at second upcoming IRS Opportunity Zone hearing in July.

The Changing Default Environment, Chen, Partner at Activist Legal May 31, 2019

Welcome to Capital Markets Today and the IMN NPL Notes & Default Servicing Forum podcast series.The forum is being held Dana Point on June 3rd & 4th.Listeners of the podcast can use code NSCM30 when registering for a 30% discount

A new foreclosure bill in New Jersey was just signed into law by Governor Phil Murphy. The objective of the new Bill is to resolve the surge of new foreclosures and streamline pending cases. In 2017 New Jersey led the country with nearly 70k foreclosures.

Some highlights of the new Bill are

Increasing the notice of intention to foreclose notice from 30 days to 180 days.
Require any person acting as a mortgage servicer to obtain a license from the Commissioner of Banking and Insurance for each main office and each branch office where business is conducted.
Reduce the statue of limitations in foreclosure actions from 20 years to 6 years.
Revise certain procedure under the “Fair Foreclosure Act” to expedite foreclosure proceedings
Require the county sheriff to conduct a foreclosure sale within 120 days of the sheriff’s receipt of a writ of execution.

Joining the podcast to discuss the changing default environment is David Chen, Partner with Activist Legal. Activist Legal is a nontraditional law firm based in District of Columbia. Activist Legal LLP facilitates legal services in the areas of real estate, mortgage, banking and private investor transactions for non-performing loans & assets.

IMN NPL Series-Extracting Value In Today's NPL Market, Johannsson-O.L.A.F May 29, 2019

Welcome to Capital Markets Today and the IMN NPL Notes & Default Servicing Forum podcast series.The forum is being held Dana Point on June 3rd & 4th.Listeners of the podcast can use code NSCM30 when registering for a 30% discount

Fannie Mae recently announced their latest sale of non-performing loans. Fannie’s NPL sale includes six larger pools of approximately 4,660 loans totaling $822 million in unpaid principal balance (UPB) and the Community Impact Pool of approximately 80 loans totaling $17.7 million in UPB.

Freddie Mac last week announced the completion of its auction of 1,789 non-performing loans (NPLs) totaling $307 million. The winning bidders across the three pools include InSolve Global Credit Fund for the first pool, and Elkhorn Depositor LLC for the second and third pool.

Joining the podcast to discuss the changing NPL and default environment is Paul Johannsson, Founder & CEO of OLAF Consulting. Paul and his teams throughout his career have managed hundreds of thousands of defaulted mortgages’ legal processes through oversight of 250+ nationwide law firms and over 300 servicers’ default administration practices.

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IMN NPL Series-Economic Outlook, Blomquist, VP Market Economics, Auction.com May 29, 2019

The outlook for the U.S. economy is dimming with several institutions lowering their growth forecast after April economic reports were published. JPMorgan Chase cut its forecast for second-quarter economic growth to 1% from 2.25%

Oxford Economics lowered its estimate to 1.3% from 1.6% and Barclays forecast went down to 2% from 2.2%

April reports showed retail sales unexpectedly declined, factory output was below forecasts, business equipment orders declined, sales of previously owned homes fell and permits for single-family homes hit the lowest in almost two years.

April data is does not consider Trump ratcheted up his trade war with China this month by raising tariffs on some goods and threatening more levies.

Joining the podcast to discuss the economic outlook and how it could impact the NPL market is Daren Blomquist, Vice President of Market Economics at Auction.com.

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DDC Euro Distressed Investment Summit Series, European Distresssed Real Estate, Horton-DDC Capital Feb 12, 2019

The DDC Financials' Distressed European Investment Summit is being held in Stockholm Sweden on March 20th and 21st. Listeners of the podcast can use code NSCM30 when registering for a 30% discount

Late last year, Angelo Gordon, a $28 billion dollar alternative investment firm focused on credit and real estate investing, announced that it has successfully closed its second European realty fund. The Fund will seek to identify complex and off-market investment opportunities with a focus on U.K. and Western Europe sub-performing distressed debt, office, retail, hotel, industrial and residential assets.

Joining the podcast to discuss European real estate investment opportunities is Richard Horton, Managing Director of DDC Capital. Richard has over 30 years of finance, investment, real estate and restructuring experience across Europe and North America.

IMN NPL/RPL Series - Note Investing-Panzarello, Founder of The Tryllion Group Feb 04, 2019

The IMN NPL Mortgage Notes Forum is being held on February 7th and 8th in Fort Lauderdale. Listeners of the podcast can use code SP20 when registering for a 20% discount

According to the annual Altisource 2018 default survey published last week, servicers are expecting increased delinquencies in their FHA loan portfolios in 2019. Post-crash, FHA, which some consider as government backed non-prime lending, is at least 50% of new originations. In addition, Experian recently put out a report that indicates defaults across all loan types increased in the last quarter of 2018.

Joining the podcast to discuss the note investing business is Paige Panzarello, founder of The Tryllion Group, an NPL investment firm. Paige also teaches the “Building Wealth with Notes” workshops. The workshops train on buying non-performing notes, what to look for in due diligence and how to mitigate risk.

IMN NPL/RPL Series - NPL Crowdfunding & Servicing, O'Donovan, AHP Servicing Feb 01, 2019

The IMN NPL Mortgage Notes Forum is being held on February 7th and 8th in Fort Lauderdale. Listeners of the podcast can use code SP20 when registering for a 20% discount

The distressed asset space has been evolving briskly post-crash. There are new buyers and sellers, new servicers and servicing consolidation, new valuation methodologies and access to big data, new impact funds that measure social impact as well as financial returns and new technology that provides transparency and workflow from acquisition to disposition, just to name a few.

However, potentially the most transformative change is crowd funding. Several crowd funding platforms have entered the space drastically changing the way operators can raise capital.

Joining the podcast to discuss servicing and crowdfunding is DeAnn O’Donovan. DeAnn is President & CEO of AHP Servicing and AHP Capital Management. She is responsible for the oversight and strategy of the companies. DeAnn has over 25 years of experience in real estate, financial services, asset management, mortgage lending, and residential loan servicing.

IMN NPL/RPL Series - NPL Servicing, Dunnery-VP, Government Loan Servicing - Bayview Loan Servicing Jan 31, 2019

IMN NPL Mortgage Notes Forum is being held on February 7th and 8th in Fort Lauderdale. Listeners of the podcast can use code SP20 when registering for a 20% discount

One of the more notable trends in the mortgage servicing business is the continuous growth of non-bank servicers. Non-bank servicers pursue efforts to expand their servicing business through portfolio purchases and consolidation. Just this month, Mr. Cooper announced the acquisition of Seterus Mortgage Servicing adding over 300,000 customers to its platform.

Joining the podcast to discuss the NPL servicing business is John Dunnery, Vice President of Government Loan Servicing at Bayview Loan Servicing. Bayview is a nationwide servicer of both residential and commercial mortgage loans.

IMN NPL/RPL Series - 2019 Investment Outlook, Tenebaum-AZP Capital Jan 28, 2019

IMN NPL Mortgage Notes Forum, February 7th and 8th in Fort Lauderdale. Listeners of the podcast can use code SP20 when registering for a 20% discount

The U.S. housing market will continue to face headwinds that likely will grow in strength according to seven leading housing economists interviewed by Think Realty’s Housing News Report for their annual housing outlook.

Home affordability challenges exacerbated by rising mortgage rates will slow home price appreciation in 2019 to the low single digits. In addition, a slowing economy and inflated equity markets could further weaken demand for housing

Joining the podcast to discuss the investment landscape in 2019 is Jay Tenebaum, Founder & Vice President at AZP Capital. AZP Capital is a real estate investment firm specializing in acquiring assets nationwide. Jay is also Editor in Chief of the US Real Estate Journal, an online publication covering all facets of real estate for investors.

IMN NPL/RPL Series - Distressed Assets,Napolitano, Fund Mgr-Global Realty Trust Jan 26, 2019

IMN NPL/RPL Notes Forum, February 7th and 8th in Fort Lauderdale. Listeners of the podcast can use code SP20 when registering for a 20% discount

According to a recent article in the Wall Street Journal, unconventional loans are on the rise. Credit agency DBRS has predicted a comeback for these loans as lenders try to boost business which has stalled due to increasing interest rates, home prices and a shortage of inventory.

The Wall Street Journal indicated non-prime loans could bring renewed risks to the housing market as an increasing number of traditional mortgage lenders look to non-QM loans to shore up profits in a tough mortgage market.

Joining the podcast to discuss distressed real estate and mortgage assets is Robert Napolitano, Principal and Fund Manager at Global Realty Investor Trust. Global Realty Investor Trust’s investment strategy is designed to capitalize on a variety of distressed real estate related assets nationwide.

IMN NPL/RPL Series - The Economy & NPL/RPL Market, Faller-Faller Financial Jan 26, 2019

IMN NPL Mortgage Notes Forum is being held on February 7th and 8th in Fort Lauderdale. Listeners of the podcast can use code SP20 when registering for a 20% discount

According to the latest data report from the S&P/Experian Consumer Credit Default Indices, First mortgage default rate rose from November to December in 2018. In addition to raising default rates, the housing sector is pressured by rising prices and higher mortgage rates. Sales of both new and existing homes are weakening.

Joining the podcast to discuss the changing economic environment and to provide color on the NPL market is Cody Faller, President of Faller Financial. Cody has worked with many of the most sophisticated real estate and note operators in the country. Since 2011, Cody has personally facilitated and/or purchased over $150 million in residential notes across roughly two hundred transactions under the Faller Financial brand.

IMN NPL/RPL Series - Buying & Managing NPLs, Turner -The Canadian Note Guy Jan 17, 2019

Welcome to Capital Markets Today, and the IMN NPL Mortgage Notes Forum podcast. The forum is being held on February 7th and 8th in Fort Lauderdale, listeners of the podcast can use code SP20 when registering for a 20% discount

According to many experts, housing could be heading for its worst year since the last housing crash as predictions of home sales continue on a downward trend for the next 12-plus months. In addition, talks of a possible recession looms as equity markets remain unstable.

NPL/RPL investors are gearing up for a brisk year of trading as uncertainty about the economy and housing remain in the headlines.

Joining the podcast today to discuss buying and managing NPLs is Nathan Turner, known as the Canadian Note Guy. Nathan started his business in Canada but shifted to the U.S. and has grown his portfolio substantially over the past few years.

Structuring Debt/Equity CRE Financing, Mozer-Principal at George Smith Partners Nov 08, 2018

According to the Real Estate Roundtable’s Q4 2018 Economic Sentiment Index released just a few days ago, Commercial Real Estate executives continue to see strong and balanced market conditions for the remainder of 2018 and moving forward into the new year.

It was noted that supply and demand in major markets are essentially in balance, and access to debt and equity remains strong.

Concerns do exist about interest rate and construction cost increases, as well as labor shortages. However, these concerns have not yet caused significant market disruption

Joining the podcast today to discuss the CRE market is Gary Mozer, Principal & Co-Founder of George Smith Partners, a leading national real estate capital advisory firm. Gary has arranged in excess of $30 billion of debt and equity financing for a broad array of real estate transactions.

NoteExpo Podcast Series – NPL & REO Acquisitions, Fuquan Bilal - CEO NNG Capital Oct 31, 2018

NoteExpo, November 2nd and 3rd, Dallas Tx. - www.noteexpo.com

Today, Fannie Mae announced the winning bidder for its fourteenth Community Impact Pool of non-performing loans. The transaction is expected to close on December 18, 2018 and includes approximately 66 loans totaling $22.9 million in unpaid principal balance; the loans are geographically focused in the New York City area.

The winning bidder was VWH Capital Management, a minority woman owned business. The cover bid, which is the second highest bid, for the Community Impact Pool was 90.0% of UPB or 48% of the home value.

Joining the podcast today to discuss the acquisition of NPLs and REO is Fuquan Bilal, CEO of NNG Capital Fund. Fuquan heads up a multi-million-dollar alternative investment fund that Primarily invest in Real Estate Notes and REO's

NoteExpo Podcast Series – Alternative Investments, Parson-Heritage Capital USA Oct 26, 2018

NoteExpo, November 2nd & 3rd, Dallas TX - www.noteexpo.com

Headlines about 600-point drops in the Dow Jones industrial average and pessimistic pundits predicting more declines have become more frequent in October. The three main descriptions of down markets are: a "pullback," or drop of 5 percent to 9.99 percent; a "correction," a decline of 10 percent to 19.99 percent; and the "bear market," or 20-percent-plus drop

Joining the podcast to discuss alternative investment strategies is Ryan Parson, Chief Investment Officer at Heritage Capital USA. Ryan focus on working with accredited investors seeking exclusive capital placement option that provides diversification, capital preservation, and passive income while teaching exclusive wealth strategies to be successful in today’s complex market.

NoteExpo Podcast Series-The NPL Market, Cody Faller-Pres., Faller Financial Oct 23, 2018

The NoteExpo, November 2nd & 3rd, Dallas TX - www.noteexpo.com

Several influential analysts predict a current bubble and near-term crash that could boost the NPL markets. The argument is that wealth that outpaces economic growth is artificial and unsustainable. The last two times the share of household wealth growth exceeded GDP was during the late 1990’s dot-com bubble and the mid-2000 housing bubble. Currently, household wealth as a share of nominal GDP is running at 505%, vs 473% in the housing bubble peak and 429% in the dot-com bust.

The primary driver of the current bubble are common stocks and housing prices, both large contributors to middle class wealth. The argument continues in that the Fed will put the breaks on the economy by increasing interest rates and tightening monetary policy which will start the downward spiral. Just last week, the federal reserve unanimously backed an increase in interest rates over president Trump’s objection.

Joining the podcast to discuss the NPL market is Cody Faller, President of Faller Financial. Cody has worked with many of the most sophisticated real estate and note operators in the country. Since 2011, Cody has personally facilitated and/or purchased over $150 million in residential notes across roughly two hundred transactions under the Faller Financial brand.

NoteExpo Series – Real Estate & Mortgage Investments, Phelps - Freedom Founders Oct 22, 2018

NoteExpo, November 2nd & 3rd, Dallas TX - www.noteexpo.com

There are several real estate strategies that can boost your retirement income. They include real estate investment trusts, purchasing mortgage notes, rental-property purchases and shares in crowdfunding ventures that fix and flip houses or buy commercial property.

Joining the podcast to discuss using real estate to boost retirement levels is David Phelps. David, who formally ran his own dental practice, now manages his real estate investments and develops passive cash flow via real estate and mortgage note acquisitions. David is also a nationally recognized speaker and author.

NoteExpo Podcast Series – Buying Mortgage Notes-Eddie Speed / Note School Oct 19, 2018

NoteExpo, November 2nd-3rd, Dallas TX

Sharestates, an online crowdfunding real estate investment platform, has introduced financing for non-performing loans aimed at providing private real estate investors access to leverage. By offering to finance up to 80% of the unpaid principal balance or value of the NPL, the crowdfunding company is opening up the NPL market up to a much larger pool of potential private investors. This is yet another indication that private investors will continue to expand and maintain their presence in the NPL space.

Joining the podcast to discuss the buying of mortgage notes is Eddie Speed. Eddie founded NoteSchool which is a highly recognized training company specialized in the teaching of buying both performing and non-performing discounted mortgage notes. He is the owner and president of Colonial Funding Group LLC, which acquires and brokers discounted real estate secured notes.

NoteExpo Podcast Series – NPL Market, Repass/ Colonial Funding Group Oct 17, 2018

NoteExplo - November 2nd-3rd 2018 - Dallas TX

Freddie Mac announced this week that it sold via auction 3,247 delinquent non-performing loans from its mortgage investments portfolio. The loans, totaling $569 million and settling in December, are currently serviced by Specialized Loan Servicing LLC. The loans were offered in three separate pools of which the winners were Balbec Capital, Lone Star and MCM Capital

Joining the podcast to discuss the non-performing loan market is Bob Repass, Managing Director at Colonial Funding Group. Over the course of his career, Bob has purchased over 40,000 performing and non-performing mortgage loans totaling over $2.5 billion dollars in volume. In addition to managing the firm, Bob is a Managing Partner for Colonial Capital Management, where he is the Chief Investment Officer of CCM’s Colonial Impact Fund II.

Real Estate Investments in Central & Eastern Europe, Tymoshchuk, CEO at UFuture Sep 19, 2018

DDC Financial Group’s European Investment Summit podcast series.The Summit is being held on September 25th in London England.Listeners can use code NSCM30 for a 30% discount when registering.

Political upheaval in some Central and Eastern European counties have raised concerns in Europe about the CEE’s economic outlook. However, the real estate market and other investment sectors remain strong with growth in capital deployed and favorable investment analysis. It’s estimated that if interest rates stay relatively low, property and commercial investments in the CEE will remain attractive throughout 2019.

Joining the podcast to discuss investment opportunities in the CEE is Nicholas Tymoshchuk, CEO at UFuture Investment Group. Nicholas is responsible for coordinating the group’s international activity and facilitating its transition into the industries of the future.

Ukrainian NPL Market, Lukin-Dragon Capital-DDC Europe Investment Summit Series Sep 03, 2018

DDC European Investment Summit Series - Sept 25, 2018 - London England

According to recent reports, 56% of loans held be Ukrainian banks are non-performing. According to new rules, loans that are 90 days delinquent (30 days for banks) or loans that are unlikely that the debt can be collected without seizing the collateral are considered non-performing

In December, Moody's published an updated forecast for the country's banking sector. The agency says the proportion of problem loans in Ukraine will still be at 50 percent by the end of 2019.

Joining the podcast to discuss the Ukrainian NPL market is Krill Lukin, Director of Investment Banking and Head of the Financial Institutions group at Dragon Capital. Dragon Capital is a group of companies in the field of investment and financial services offering a range of products in equities and fixed income sales, trading, asset management and research.

Deal Sourcing & Capital Raise, Pallas CEO of Opportunity Network Sep 03, 2018

Welcome to Capital Markets Today and the DDC Financial Group’s European Investment Summit podcast series.The Summit is being held on September 25th in London England.Listeners can use code NSCM30 for a 30% discount when registering.

The methods for deal origination, sourcing and marketing have changed rapidly. Traditional methods for connecting investors with opportunities lack the same impact and scale required for today’s most promising deal opportunities.

Joining the podcast to discuss creative technology solutions for business networking and deal origination is Brian Pallas, CEO & Founder of Opportunity Network.

Opportunity Network is the invitation-only platform that enables clients of the world’s premier banks to connect around business and investment deals. In just a few years, Opportunity Network has grown to include over 17,000 members from 122 countries and has hosted deal flow of over $145Bn.

IMN NPL/RPL Series, Non-Performing Asset Financing, Constantine, BofI Fed Bank Jun 01, 2018

At the MBA Secondary Marketing conference last week, it was apparent that investor appetite for non-QM loans is growing at a brisk pace. Qualified mortgage applicants are getting harder to find and the market potential for non-QM borrowers is only growing.

It’s estimated by many that the huge swath of would-be non-QM borrowers are likely the future of the mortgage industry. Growth in non-QM lending is predicted to grow by over 400% next year. It’s reasonable to associate increased non-QM lending with a stable NPL and RPL business for the foreseeable future.

Joining the podcast to discuss the non-performing asset space is Tom Constantine, Executive Vice President and Chief Credit Officer at BofI Federal Bank. Prior to joining BofI in 2010, Tom was a senior examiner with the Office of Thrift Supervision. BofI Federal Bank is unique in that it is a branchless bank with over 10 billion in assets.

IMN NPL/RPL Series, Non-Profit NPL Opportunities, Morales, Hogar Hispano Inc. May 25, 2018

Fannie Mae announced its latest sale of non-performing loans, including the company's thirteenth Community Impact Pool know as (CIP). The CIP pool will consist of roughly 700 loans totaling $134 mm in UPB. States include New Jersey, New York, Baltimore, Maryland, Cook County, Illinois, Miami and other Florida areas.

CIP pools are designed in to increase the inclusion of non-profits and minority & women owed business and have subtle requirements to increase the chance of home owner retention and neighborhood stabilization.

Joining the podcast to discuss the NPLs and distressed real estate is Marcos Morales, Executive Director of Hogar Hispano, Inc. Marcos is very active in the non-profit NPL and real estate space and manages a portfoliol of over $30mm from recent acquisitions.

IMN NPL/RPL Series, NPL & Real Estate Opportunities, Goldovsky, ProTitle May 19, 2018

Fannie Mae announced its latest sale of non-performing loans, including the company's thirteenth Community Impact Pool. The four larger pools include 10,300 loans totaling $1.7 billion in unpaid principal balance and the Community Impact Pool of 700 loans totaling $134 million in UPB.

Among other elements, terms of Fannie Mae's non-performing loan transactions require the buyer of the loans to pursue loss mitigation options that are sustainable for borrowers. In the event a foreclosure cannot be prevented, the owner of the loan must market the property to owner-occupants and non-profits exclusively before offering it to investors, similar to Fannie Mae's FirstLook® program.

Joining the podcast today to discuss NPL & real estate opportunities is Alex Goldovsky, Founder and CEO of ProTitle USA. ProTitle is a Nationwide Residential and Commercial Title Search, Analysis and Due Diligence firm.

IMN NPL/RPL Series, The NPL Market, Brandenburg - Cal RE Fund Management May 10, 2018

There has been an uptick in subprime mortgage securitizations issued by private lenders. In 2014, $100 million in mortgage-backed securities were issued and in just the first half of 2017, $2.6 billion in subprime mortgage-backed securities were issued. With the increase in subprime origination, we will likely see an increase in defaults as the market evolves and normalizes.

Joining the podcast to discuss managing non-performing mortgage loans is Ron Brandenburg with Cal RE Fund Management. Cal RE Fund is a real estate investment management company which has overseen and co-invested in the acquisition, restructuring and liquidation of $350 million of non-performing mortgages and REO since 2008.

DDC European Investment Summit Series, Greek NPL Market, Mountis-Delfi Partners May 08, 2018

The DDC Financial's European Investment Summit is being held on May 8th and 9th in Athens, Greece. Listeners can use code NSCM30 for a 30% discount when registering.

According to the European Central Bank’s Chief supervisor, Daniele Nouy, Greek banks need to do more to reduce their very high stock of non-performing loans. Nouy indicated that NPLs are the biggest challenge facing the banking sector in the country which is set to exit its third international bailout in August. European Central Bank regulators are attempting to shrink NPLs by 40 percent by the end of 2019. The reductions will be driven by restructurings, collections, write-offs and loan sales.

Joining the podcast to discuss Greek NPLs is Dr George Mountis, Managing Partner at Delfi Partners & Company. Delfi Partners specializes in corporate finance, strategy advisory, turnaround & restructuring, real estate asset management & NPL workouts.

Capital Pro Series, NPLs in the EU, Browndorf, Distressed Capital Management Mar 19, 2018

It has been widely recognized that the high level of nonperforming loans in certain European countries is an obstacle to economic growth and a burden on their banking sectors. A report published by the European Commission in January 2018 indicates that a comprehensive package of measures for tackling high NPL ratios is being put in place. One such measure is to set up Asset Management Companies at a national level to more effectively manage distressed debt and real estate. The report stated that the Asset Management Companies should be modeled on best practices adopted by other more experienced countries. Joining the podcast to discuss the European distressed market is Matt Browndorf, Founder & Chief Investment officer at Distressed Capital Management. Distressed Capital Management is an asset management firm that employs a vertically aligned group of companies centered around residential real estate in the US and European markets.

Capital Pro Series, NPLs/Restructuring in the SEE, Fecker, Innovation Brain Feb 21, 2018

CAPITAL PRO CITY SUMMIT - PRAGUE, CZECH REPUBLIC - MARCH 21-22, 2018/ USE CODE NSCM30 FOR A 30% DISCOUNT According to a recent Euromoney article, Changes in legislation in some South Eastern European countries, combined with improving fundamentals, have sparked a brisk trade in bad-debt portfolios as well as facilitating internal work-outs. Joining the podcast to discuss NPLs in the SEE is Dr. Lukas Fecker, Managing Partner at Innovation Brain LLC. Lukas is a highly regarded turnaround professional who focuses on defining and implementing restructuring strategies within banking. His current engagements include clients in Cyprus, Greece, Germany and the Middle East.

Capital Pro City Summit Series, CEE/SEE Opportunities, Wigan Acquisitions Feb 20, 2018

CAPITAL PRO CITY SUMMIT - PRAGUE, CZECH REPUBLIC - MARCH 21-22, 2018/ USE CODE NSCM30 FOR A 30% DISCOUNT Over the past two decades, Central and South Eastern Europe has experienced remarkable economic transformations. It is estimated for every single percentage point of growth in the eurozone, the CEE and SEE countries are expected to grow by up to 1.5 to 3.5 percentage points. Joining the podcast to discuss opportunities in Central and South Eastern Europe is Patrick Wigan, Director at Wigan Acquisitions. Wigan Acquisitions is a family office and private equity backed investment company targeting direct real estate and non-performing loan portfolios across Central and South Eastern Europe.

IMN NPL/RPL Series - NPL Risk Mgt, Sharpe, SVP/In-House Counsel-Rialto Capital Jan 26, 2018

According S&P, both first and second mortgage default rates rose from November to December 2017. The composite default rate for all consumer credit loans covered by the data analysis was also up from November to December. Lastly, the default rate on bank cards has been rising consistently since December 2015. With increased defaults across the board, it is likely that asset managers will need to make strategic default and legal decisions with respect to their portfolio in the coming year. Joining the podcast to discuss strategic decisioning is Leslie Sharpe, Senior Vice President and In-House Counsel for Asset Management and Servicing at Rialto Capital Advisors. Leslie is responsible for both legal and non-legal functions including risk management, acquisitions, sales, litigation, and bankruptcy. She oversees the day-to-day operations of the company’s loss share agreements with the FDIC and manages all the audits and state license examinations. Last year, she was awarded Legal Department of the Year for Outside Counsel Management by the Daily Business Review.

IMN NPL/RPL Series - NPL Legal Issues, Howard, Managing Attorney, Howard Law Grp Jan 25, 2018

On January 12th, Florida’s Fifth District Court of Appeal ruled that lenders can sue to foreclose more than five years after the first missed payment, but they can’t collect damages for defaults falling outside the window the provided in the statute of limitations. The ruling in Velden v. Nationstar has statewide implications on which foreclosures can survive defense motions to dismiss, and how much plaintiffs can collect if they miss the statue of limitations deadline. The ruling is significant in a state where hundreds of thousands of foreclosures clogged court dockets after the last real estate market collapse. Joining the podcast to discuss legal issues within the NPL space is Harris Howard, Managing Attorney of the Howard Law Group, a boutique real estate law firm in Florida. Howard Law Group represents servicers, hedge funds and investors in mortgage foreclosure litigation, bankruptcy real estate closings and evictions throughout the state of Florida.

IMN NPL/RPL Series - Crowd Funding NPL Acquisitions, Newbery-CEO, AHP LLC Jan 24, 2018

Crowdfunding has been around for a while, as early as 2003. In the early days, musicians and filmmakers were the main forces driving the industry. However, recent years have shown it to be a truly viable source for funding creative and business projects alike. Past campaigns have raised millions of dollars for everything from a smartwatch to video and board games, movies and now the acquisition of non-performing loans. Joining the podcast to discuss crowdfunding in the NPL space is Jorge Newbery, Founder and CEO of American Homeowner Preservation LLC or AHP. AHP utilizes Regulation A+ to crowdfund the purchase of nonperforming mortgages then provides sustainable solutions to struggling homeowners. AHP's current 2015A+ fund has acquired over 2,500 first mortgages with principal balances of over $138 Million in less than 20 months; over 800 investors have supported this effort with as little as $100.

IMN NPL/RPL Series - The NPL Market, Gordon, Managing Director at ARC Asset Mgt Jan 23, 2018

According to a newly released report by Black Knight Financial Services, serious delinquencies increased both month-over-month and year-over-year as of the end of 2017. Florida now has the largest share of severely delinquent mortgages, followed by Mississippi, Louisiana, Texas, and Alabama. Joining the podcast to discuss the NPL market is David Gordon, Managing Director at ARC Asset Management. Formerly with a Lehman Brothers and Morgan Stanley, David is responsible for purchasing first and second lien mortgages as well as esoteric assets throughout the US, Caribbean and Europe.

IMN NPL/RPL Series - Notes & Cryptocurrency, Schmitz - NorthStar Inv Grp Jan 22, 2018

According to the S&P Consumer Default Index recently released, the rate of first-mortgage defaults increased in December over November, along with the overall consumer default rate. The monthly increase was greater for second-mortgage defaults. Increased and/or steady defaults has potential to fuel the already brisk note trading sector Joining the podcast to discuss the performing and non-performing note market is Scott Schmitz, President of NorthStar Investment Group. Scott is also the author of “The Note Book, A Common Mans Guide to Owner Financing”.

IMN SFR Podcast Series - Single Family Rental, Section 8-Hemani, Alna Properties Nov 30, 2017

According to a recent article in USA today, single-family rentals are developing faster than any other portion of the housing market. The rentals outpace both single-family home purchases and apartment-style living, according to the Urban Institute. Single-family rentals have gone up 30% within the last three years Joining the podcast to discuss the single-family rental market is Alex Hemani, Founder of Alna Group of Companies. In 2006 Alex founded Alna Properties as his investment vehicle and built a portfolio of several hundred SFR along with a firm to provide property management services for the Alna Properties portfolio as well as other SFR investors. Alex continued to expand his reach with creating “We Buy Homes In USA” to identify SFR investment opportunities across the country.

IMN SFR Podcast Series - Single Family Rental Prop Mgt, Ortner-Renters Warehouse Nov 28, 2017

According to a recent article in Mortgage Professional America, the fastest-growing segment of the housing market today is single-family rentals. The shift to single-family rentals is being driven by a number of factors, notably tight mortgage credit and millennials’ lifestyle choices, which differ from earlier generations’. For the past three years, single-family rental has hovered around a 30% growth rate, compared with an average growth rate of less than 15% for multifamily during the same period. Joining the podcast to discuss the single-family rental market is Kevin Ortner, President and CEO of Renters Warehouse. Renters Warehouse manages more than $3 billion in residential real estate, servicing over 18,000 properties and 13,000 investors in over 35 markets across more than 20 states.

IMN SFR Podcast Series - The Future of Single Family Rental - Rand, OwnAmerica Nov 22, 2017

As reported recently in HousingWire, the previously announced merger of Invitation Homes and Starwood Waypoint Homes is now complete. The deal, which was originally announced in August, creates the nation’s largest owner and operator of single-family rental homes. The completion of the merger marks the latest in a series of consolidations in the single-family rental industry that took place over the last few years. Joining the podcast to discuss the single-family rental market is Greg Rand, Founder, and CEO of Own America. OwnAmerica is a leading provider of acquisition, disposition, and advisory services to institutional investors in the single family real estate market. Prior to founding OwnAmerica, Greg was managing partner at Better Homes and Gardens Rand Realty, a regional real estate brokerage.

IMN SFR Podcast Series-Real Estate vs. Note Investing, Lau-Noted Financial Nov 20, 2017

As we head into the single-family rental conference, some investors contemplate buying notes secured by real estate versus the real estate itself. The pros and cons of buying notes versus real estate are debable. Many note investors will argue that you can manage more notes than real estate projects and there are no property management issues. Others argue the risk of borrower behavior is too great and would rather deal with a hard asset. Joining the podcast to discuss the difference between the two is Sandor Lau, founder of Noted Financial. Noted Financial invests in non-performing mortgages nationwide.

IMN SFR Podcast Series-SFR Turnkey Investments, Palano-Buy Cash Flow Properties Nov 17, 2017

The rate of acquisitions by the large investors in the single-family rental market has declined in 2017. Instead, small and mid-sized companies have become the leading buyers of single-family houses for rent. As home prices rise, these smaller companies have been willing to buy properties in secondary and tertiary markets. They have even entered some prime markets, in spite of the fact that rising home prices may be cutting into investment yields in these areas. Joining the podcast to discuss turnkey single-family rental is RJ Palano. RJ is the director of “Buy Cash Flow Properties”, a Tampa based company that provides turnkey houses for investors. Since 2012, “Buy Cash Flow Properties” has acquired and sold over 800 houses to international and U.S. based investors and has also provided over 73 houses to hedge funds for their rental portfolios.

IMN SFR Podcast Series-Smart Home Tech for SFR Mgrs,Miller-Pres of PointCentral Nov 16, 2017

Smart home technology is a modern convenience for the individual homeowner. Managing lights and utilities by voice command or by remote smart applications from your phone is a convenience that has practical benefits. As the single family rental space evolves and matures, home automation technology at the property manager level has the ability to drive significant efficiencies and costs savings. Effective use of technology is going to be required to reduce operational costs as margins for acquisitions normalizes into an efficient market. Joining the podcast to discuss the future of home technology is Sean Miller, President of PointCentral. PointCentral is a leader in enterprise-grade smart home solutions for property managers, property owners and residents.

IMN SFR Podcast Series - Q3 2017 Single Family Rental Rpt, Blomquist, Attom Data Nov 09, 2017

Last month, ATTOM Data Solutions released its Q3 2017 Single Family Rental Market report. The report identified the top 25 U.S. zip codes for buying single family rental homes based on potential rental yields and cash flow, vacancy rates, home price appreciation, population growth, neighborhood quality, and average property age. Joining the podcast to discuss the report is Daren Blomquist. Daren is Senior Vice President of Communications at ATTOM Data Solutions (formerly RealtyTrac), where he directs ATTOM Media, a division of the company that publishes original real estate reports sourced from the ATTOM Data Warehouse, the nation’s most comprehensive property database. Daren is also executive editor of the Housing News Report, a monthly newsletter published by ATTOM Data Solutions and named best newsletter by the National Association of Real Estate Editors in 2015 and 2016.

NoteExpo Podcast Series - NPL/RPL Due Diligence - Goldovsky, CEO of ProTitle Oct 30, 2017

There are 3 under looked due diligence issues that can cause a buyer to incur losses. Often many assets can be demolished, slated for demolition or have significant code violations. Different counties keep the demolition list in different departments which can cause difficulty in obtaining the information you need. Buyers sometimes close a transaction just prior to a tax sale and are at risk of losing the property to tax sale after purchase. If the taxes are delinquent, checking to see if a tax sale date is set is necessary so the buyer properly adjusts the price of the asset and is able manage the upcoming sale date. A bankruptcy filing can cause losses if the buyer does not act in a timely manner or of not getting noticed if a loan recently has been purchased. Until the assignment is of record, the bankruptcy court does not know to notify the new owner of the note of bankruptcy proceedings. Bankruptcy checks are critical component to your due diligence process. Joining the podcast today to discuss the due diligence process is Alex Goldovsky, Founder and CEO of ProTitle USA. ProTitle is a Nationwide Residential and Commercial Title Search, Analysis and Due Diligence firm.

NoteExpo Podcast Series - Seller Financing, Jeff Watson, Watson Law Firm Oct 24, 2017

Seller financing can be a useful tool in a tight credit market. It allows sellers to move a home faster and get a sizable return on the investment. And buyers may benefit from less stringent qualifying and down payment requirements, more flexible rates, and better loan terms on a home that otherwise might be out of reach. Sellers willing to take on the role of financier represent only a small fraction of all sellers -- typically less than 10%. That's because the deal is not without legal, financial, and logistical hurdles. But by taking the right precautions and getting professional help, sellers can reduce the inherent risks. Joining the podcast to discuss seller financing is Jeff Watson of the Watson Law Firm. Jeff is an attorney who has had an active trial and hearing practice for more than 26 years. As a trial lawyer, he has a unique perspective on real estate investing, wealth building and asset protection. He has tried over 20 civil jury trials and has handled thousands of contested hearings. Jeff has changed the law in Ohio 5 times via litigation or legislation. Jeff is also general counsel to the National Real Estate Investors Association.

NoteExpo Podcast Series - Buying NPLs, Guinn - President at Granite Investments Oct 19, 2017

Most of us have seen REO inventory decrease and prices increase in our local markets. It has been harder and harder to find good deals in which to invest. NPLs offer an alternative to what is available on the MLS. Pricing for NPLs is much less than real estate and you have several possible exits such as loan modification, refinance, Deed in Lieu, long term cash flow, Short sale, foreclosure, and even long-term rental. Joining the podcast to discuss the acquisition of NPLs is Chaze Guinn, President of Managing Director of Granit Strategic Investments. Chaz has been instrumental in the architecture of the acquisition, portfolio management, investor relations, and trading platform at Granite. Chaz specializes in distressed whole loan trading, and has built a reputation on a track record of structuring, negotiating, and executing some of the hardest trades possible in the low-value market segment. Granite is an excellent source for investors to purchase NPLs.

NoteExpo Podcast Series - NPL Mgt & Capital Raise, Van Horn, President – PPR Oct 18, 2017

Last week, Fannie Mae announced its fifth sale of reperforming loans as part of the company’s ongoing effort to reduce the size of its retained mortgage portfolio. According to the enterprise, the sale consists of about 9,900 loans, having an unpaid principal balance of approximately $2.2 billion. Fannie Mae also announced the sale of $1.4 billion in non-performing mortgage loans. Along with the 4 larger nationwide NPL pools, there are 2 community Impact pools totaling about $130 million Fannie Mae noted that selling non-performing loans are intended to reduce the number of “seriously-delinquent loans” that Fannie Mae owns in an effort to “stabilize neighborhoods. Joining the podcast to discuss the purchase/management and capital raise for re-performing and non-performing loans is David Van Horn, President of PPR Note Company. PPR has been in the mortgage advisory and fund management business since 2007. It acts as advisor to several investment funds that acquire distressed residential debt nationwide. PPR’s funds manage 1st and 2nd mortgages as well as REO properties.

NoteExpo Podcast Series - Alternative Investing, Parson-CIO Heritage Capital USA Oct 12, 2017

Generally speaking, there are two types of note buyers; The institutional investor will purchase notes on a national basis with their own funds. They might hold for a long investment, liquidate or trade out and maybe even securitize on the secondary market. The private investor purchases notes on a smaller scale, usually limited to a certain geographic region. The private investor market has grown significantly over the past several years creating a liquid market place to buy and sell on a smaller scale. There is a certain level of knowledge that needs to be acquired for a private investor to be successful. Structuring their investments, sourcing deals and managing their portfolio are just a few of the areas in which expertise is required. Joining the podcast to discuss alternative investments and private placement opportunities is Ryan Parson. Ryan is the Chairman and Chief Investment Officer at Heritage Capital USA, Inc. and Mile Marker Club, as well as the Director of Investor Relations at Colonial Capital Management. Ryan works with individual and business clients to provide financing solutions for all types of real estate and alternative investments.

NoteExpo Podcast Series - Note Market, Faller, Founder of Faller Financial Oct 11, 2017

According to a recent article in DS News, next month could bring increased delinquency rates due to the aftermath of recent storms. Black Knight suggest that Houston is the first to see the impact of storm activity with a 16% increase in delinquency rates in August. According to the Black Knight's report, 6,700 new delinquencies were recorded with an additional 1000 rolling past the 60-day threshold. September, October, and November delinquencies are expected to rise throughout parts of the country where storm events had an impact. Joining the podcast to discuss the Performing & Nonperforming Note market is Cody Faller, Founder of Faller Financial. Cody has 15 year’s experience in the real estate and mortgage note industry working with a wide spectrum of real estate note investors across the country ranging from large Banks & hedge funds to individual note buyers. In recent years, Cody has personally facilitated and/or purchased over $150 million in residential notes across roughly two hundred transactions.

The NoteExpo, Repass - Managing Director of Colonial Funding Group Oct 10, 2017

The non-performing loan market has diversified over the past several years with loans flowing through primary, secondary and tertiary markets to a broad range of large and small investors. The NoteExpo was launched to fill a void in the Note Industry that attracts the large, medium and small investors who interact in this space. Joining the podcast to discuss the upcoming conference is Bob Repass, Managing Director of Colonial Funding Group and NoteSchool. In addition, Bob is the Fund Manager and Chief Investment Officer of Colonial Capital Management’s Colonial Fund 17 and Colonial Impact Fund II. Bob is a 28-year veteran and expert in the seller finance discounted mortgage and distressed asset industry. Over the course of his career, he has purchased over 40,000 performing and non-performing mortgage loans totaling over $2 billion dollars in volume.

IMN NPL Podcast Series-NPL/RPL Property Valuation Process, O'Grady, CEO ProTeck Jun 07, 2017

According to a recent article in Bloomberg, U.S. securities regulators are investigating whether bonds backed by single-family rental homes and sold by Wall Street’s biggest residential landlords used overvalued property assessments. Several of the largest BPO providers received a request for information from the SEC in March requesting information about the BPO’s services they provide. The agency has been looking at whether BPOs were wrongly inflated potentially serving as a starting point for an industrywide probe. The SEC is scrutinizing how BPO providers compete for business and whether their customers shop for providers willing to put the highest value on their properties. Joining the podcast to discuss the valuation process, as it relates to NPL/RPL & Single Family Rental deals is Tom O’Grady, CEO of Pro-Teck Valuations Services. Pro-Teck has been providing residential real estate valuation services since 1977.

IMN NPL Podcast Series-Housing & Mortgage, Purviance, Federal Reserve Bank May 25, 2017

2016 was a solid year for housing, with many positive trends. Weighing the positive and the negative, most experts remain optimistic overall about home prices, but to the detriment of future affordability The following are housing and mortgage predictions published by Forbs for 2017 and beyond Home prices and rents will continue to rise, albeit but more slowly, but still faster than incomesAffordability will worsen resulting in weak homeownership ratesMortgage rates will be volatile. It is unclear whether Credit availability will improve. No housing bubble in siteSupply will improve but remain short. More Millennials will become homeowners--and renters. Competition will grow fiercerPolicy changes will stimulate demand more than supply.Political uncertainty will be replaced with policy uncertainty. Joining the podcast today is Domonic Purviance a Senior Financial Specialist at the Federal Reserve Bank of Atlanta. Domonic is responsible for conducting an ongoing assessment of risks associated with residential real estate markets and the potential impacts they may pose to the financial system. Prior to joining the Federal Reserve, Domonic served as the President of Market Advisory Services, LLC, a research, and consulting firm that provides analytics for developers, homebuilders, and lenders as well as a Senior Consultant at Metrostudy, a residential real estate research company.

IMN NPL Podcast Series-NPL Market & Capital Raise, Malecki, MD RCM LLC May 23, 2017

FNMA, Freddie Mac and HUD have recently announced upcoming sales of non-performing and re-performing loan sales. Fannie Mae has three larger NPL pools totaling about $613 million in unpaid principal balance, the Community Impact Pools is $34 million in UPB and the re-performing loan pool totals $3billion in UPB. HUD announced a vacant NPL sale totaling $170 million in UPB and Freddie Mac announced a previously modified loan sale totaling $292 million in UPB. The NPL market continues to be driven by the government which feeds the secondary and tertiary markets. Positioning your firm and raising capital is critical to be able to participate. Joining the podcast today is Bob Malecki, Managing Director at Resolution Capital Management LLC. Bob manages a series of private equity funds designed to acquire senior distressed residential mortgage debt.

IMN NPL Podcast Series-NPL/RPL Pricing & Market, Kelleher-MountainView Financial May 18, 2017

There are many ways investor price NPLs & RPLs. Some have models that are simple and straight forward and other models are very sophisticated that produce probabilities on several outcomes based on a database of assumptions. As with any other investment, trying to solve for the price/value of non-performing mortgages is solving for an expected value problem. In today’s market, many are surprised to realize how liquid non-performing and re-performing loans are and how tightly they are priced, for example a lot of market participants assigning basically the same value to them. The value of the NPL or RPL is the net present value of the forecasted cash flow from the NPL/RPL Joining the podcast today is Mike Kelleher Vice President of MountainView Financial Solutions. Mike assists clients with the valuation, sale and purchase of residential whole loan and mortgage servicing rights portfolios. Mike previously worked on MountainView’s trading desk, where he provided analytic and transaction process expertise that helped loan sale advisory clients to execute trades. Prior to joining MountainView’s trading desk, Mike spent three years working with MountainView’s bond and whole loan valuation team as a Pricing Analyst and three years at Clayton Fixed Income Services as a Credit Risk Analyst.

IMN NPL Podcast Series - Buying & Selling NPLs, Orman, Carrington Holding Co. May 16, 2017

Last week, Fannie Mae announced the latest sale of non-performing loans and its third reperforming loans sale. The three larger NPL pools hold about 3,600 loans that total $613 million in unpaid principal balance, while the Community Impact Pools make up about $34 million in UPB, and are available for purchase by qualified bidders. The reperforming loans pool holds about 13,700 loans totaling $3.036 billion in UPB. Joining the podcast to discuss the buying and selling of NPLs is Rudy Orman, Managing Director at Carrington Holding Company. Rudy has years of experience in the NPL space. Prior to Carrington, Rudy was at Residential Credit Solutions and Marathon Asset management.

Disruptive Mortgage Industry Change, Tom Showalter, CEO Credit Sciences Apr 03, 2017

There is speculation that the mortgage industry is about to see some significant changes. Trump’s proposals for tax cuts and government spending could lead to a larger deficit, which could improve economic growth. As the economy grows, so do interest rates. The privatization of Freddie Mac and Fannie Mae is now a possibility and analyst believe that, under the Trump administration, lending standards may become laxer, thus opening credit to more borrowers. Joining the podcast to discuss potential disruptive change and opportunities in the mortgage industry is Tom Showalter. Tom is CEO of Credit Sciences, a custom analytics and database development firm. Prior to Credit Sciences, Mr. Showalter was the Chief Analytics Officer of Digital Risk LLC and the President of Digital Risk Analytics, LLC, a subsidiary of Digital Risk. Tom is the holder of three patents and the author of numerous technical papers.

DDC EUR INV Series, EUR Distressed INV Environment, Schacter, CEO VION Investme Feb 23, 2017

Welcome to Capital Markets Today and the DDC Financials’ series of European Investment Forum podcasts. Capital Markets Today listeners can use code NSCM30 for a 30% discount to the European Investment Summit being held in Miami Florida USA on March 8 & 9th 2017 Alternative investment manager CVC Credit Partners recently closed its new distressed credit fund that will focus predominately on European opportunities, raising a total of €2.5 billion for the strategy. The new fund, named the Global Special Situations Fund, received strong backing from both new and existing investors. Investors from North America, Latin America, Asia, Europe and the Middle East are participating in the fund. Partners at the fund believe the structural changes across the European banking landscape, potentially impacted by Brexit, have created attractive investment opportunities across the European landscape. Joining the podcast to discuss the European distressed investment environment is Stacey Schacter, CEO of Vion Investments. Vion is a global buyer of consumer and commercial receivables, offers alternative receivable lending solutions and portfolio appraisals.

DDC European Investment Series, Polish NPL Market, Browndorf - DCM Feb 16, 2017

Welcome to Capital Markets Today and the DDC Financials’ series of European Investment Forum podcasts. Capital Markets Today listeners can use code NSCM30 for a 30% discount to the European Investment Summit being held in Miami Florida USA on March 8 & 9th 2017 According to a recent KPMG report, the NPL market in Poland is developing rapidly. The combined gross value of NPL transactions increased by 55 percent over the last two years, reaching 3.7 Billion US dollars The Polish debt sector has been low key and domestic so far. However, an increase in the number of deals is expected to attract more international investors, especially as Polish banks are considering selling portfolios outside of the consumer debt space Joining the podcast to discuss the Polish NPL market and his new Polish based asset management platform, Resolution Capital Management, is Matt Browndorf, Chief Investment Officer of Distressed Capital Management. Resolution Capital Management is a joint venture between Distressed Capital Management and Residential Mortgage Solution, two California based asset managers.

DDC EUR INV Series, Family Office & EUR Oppty - Wilson, CEO Family Office Club Feb 14, 2017

Welcome to Capital Markets Today and the DDC Financials’ series of European Investment Forum podcasts. Capital Markets Today listeners can use code NSCM30 for a 30% discount to the European Investment Summit being held in Miami Florida USA on March 8 & 9th 2017 Cerberus has raised more than $3.2bn in three dedicated real estate funds in which more than 50% has been invested in European distress debt and real estate. According to a recent article, Cerberus, who is raising capital for their 4th fund, expects continued significant investment in Europe. It is estimated that $1.4 trillion of distressed debt is still on the books in Italy, Germany, Spain. This number does not include some of the hardest hit Southern European countries or eastern Europe. Joining the podcast to discuss the European market and how Family Offices perceive the opportunity is Richard Wilson, CEO & Founder of Wilson Conferences and the Family Office Club. Richard helps $100M+ net worth families create and manage their single family offices and currently manages 14 clients including mandates with three billionaire families and as the CEO of a $500M+ single family office and Head of Direct Investments for another with $200M+ in assets. Richard is also the headline speaker at the European Distressed Investment Forum being held on March 8th and 9th in Miami Florida.

IMN NPL Series - HUD Direct Sales Program – DASP / Cham, HUD Jan 11, 2017

HUD has been selling nonperforming loans insured by FHA since 2010, but it has greatly stepped up the pace of these sales since 2013. In selling these loans, HUD aims to improve outcomes for borrowers. In June 2012, the program was renamed the Distressed Asset Stabilization Program or (DASP). Also in 2012 HUD issued its first pool of Neighborhood Stabilization Outcome or (NSO) loans, which were concentrated in designated areas. Investors who purchase NSO pools must ensure that at least 50 percent of the loans achieve one of HUD’s approved outcomes. Subsequently to creating the NSO pools, HUD has also created NSO pools available to bid by HUD approved non-profits only allowing non-profits to engage in the loan sale transactions without competing in against large investors. One lesser known and very important component of DASP is the ability for HUD to sale direct to approved buyers without having to participate in an auction. Joining the broadcast to discuss DASP and the Direct Sale process is Sennai Cham. Sennai is a Financial Analyst in the Asset Sales Office at HUD where he assists with developing and executing auctions of severely delinquent loans through DASP.

DDC European Investment Series, Spain’s NPL Market, Enrich - Sareb Dec 27, 2016

Welcome to Capital Markets Today and the DDC Financials’ series of European Investment Forum podcasts. Capital Markets Today listeners can use code NSCM30 for a 30% discount to the European Investment Summit being held in Miami USA on March 8 & 9th 2017 The global financial crisis decimated Spain’s real estate development market and increased the NPL ratio from 1 per cent pre-crisis to more than 10 per cent in 2012. This translated into Spanish banks holding more than €500 billion of distressed assets at the peak of the crisis. Thanks to a comprehensive restructuring of the Spanish financial sector, which included the creation of the Spanish “bad bank” Sareb, which absorbed more than €50 billion of distressed assets, the Spanish banks have been able to reduce the total volume of distressed assets to approximately €215 billion, of which approximately €85 billion are real estate owned properties (REOs). This reduction in the volume of distressed assets has been achieved through sales of portfolios of distressed assets, which in 2015 amounted to €15 billion. This figure is likely to reach €19 billion in 2016, and will continue to rise in 2017. Joining the broadcast today to discuss the Spanish NPL market is Manuel Enrich, Investor Relations Director for Sareb. Sareb is the asset management company for distressed assets arising from the banking sector reorganization.

IMN NPL/RPL Series - NPL Trading - Pollio / SN Servicing Trade Desk Dec 20, 2016

Welcome to Capital Markets Today and the IMN’s series of NPL & RPL Forum podcasts. Capital Markets Today listeners can use code SP20 for a 20% discount to IMN’s NPL/RPL Forum East being held on January 19-20th 2017 Researchers from the Urban Institute indicate more pools of non-performing loans need to be sold to private investors. Earlier this year, a report from the Urban Institute's Housing Finance Policy Center, stated that private investors can do more for borrowers than the government or large institutions, and is encouraging more NPLs to be sold to private investors. The report summarizes that private investors have greater flexibility to modify nonperforming loans and mitigate losses. As of mid-2016, HUD has sold more than 105 thousand NPLs and FNMA & Freddie have sold more than 40 thousand NPLs. These large transactions will feed the secondary and tertiary markets in 2017. Joining the broadcast today to discuss NPL trading is David Pollio, Managing Director of Acquisitions at SN Servicing. David Manages and Operates the SN Servicing Trading Desk. He has more than 26 years of experience in Analyzing, Negotiating and Acquiring Performing, Sub-performing, and Non-Performing residential and Commercial assets.

IMN NPL/RPL Series - NPL Market - Tenebaum / Prosperity Investment Fund Dec 14, 2016

Welcome to Capital Markets Today and the IMN’s series of NPL & RPL Forum’s podcasts. Capital Markets Today listeners can use code SP20 for a 20% discount to IMN’s NPL/RPL Forum East being held on January 19-20 2017 According to recent reporting, Fannie Mae and Freddie Mac have sold over 59 thousand non-performing loans with an aggregate unpaid principal balance $11.9 billion. With the addition of three months-worth of data, this bumped the number of loans sold up by nearly 18,000 loans and $3.4 billion from the previously issued data. The number of loans that resulted in foreclosure avoidance also increased within the three months over 5 percent from 12 percent to 17.1 percent as of August 2016. With the information FHFA has received with NPLs sold by December 31, 2015, the agency says that only 31 percent of the loans have been resolved. All this to say that the NPL market will continue to be brisk in 2017 via the primary, secondary and tertiary markets. Joining the broadcast today to discuss the NPL market is Jay Tenebaum, Managing Member & Director of Capital Investments of Prosperity Investment Fund. Prior to launching Prosperity, Jay was an attorney with over twenty years of debt collection experience.

IMN SFR Series, SFR Market Place - Beasley, CEO of Roofstock Dec 01, 2016

Up until recent years, REITs were the option of choice for investors who wanted to invest in real estate, but lacked a strong professional background in the industry. The economic crisis, low interest rates and the rise of sophisticated trading methodologies led millions of investors to search for alternative ways to search out, invest and manage real estate investments. Crowd funding became a popular platform for investors to access the market. Joining the podcast today is Gary Beasley, CEO of Roofstock. Roofstock is the first online marketplace created exclusively for investing in leased Single-Family Rental homes that generate cash flow day one. It’s also one of the fasting growing startups and has just announced another $20mm B round participation led by Lightspeed Venture Partners. Prior to founding Roofstock, Gary was co-CEO of Starwood Waypoint Residential, one of the leading single family rental companies in the US.

IMN SFR Series, SFR Securitizations - Grow/Dwyer, Morningstar Credit Ratings Nov 16, 2016

The single-family rental asset class continues to evolve. At least 29 single-family rental deals have come to market, with issuance over $13 billion. Multi-borrower securitization, including single-borrower and single-property loans, will drive the long-term growth in single-family rental issuance. According to the October 2016 Morningstar Single Family Rental Research report · Rents for properties backing single-family rental securitizations rose by 4.6%. · Vacancy rates across single-borrower, single-family rental transactions edged up 5.0% in September. · Houston had the highest vacancy rate at 7.4%. · Some Florida MSAs have shown recent upticks in vacancy. · Average retention rates for full-term leases stayed in the mid-70s. · Morningstar is currently monitoring 25 single family deals that include over 97,000 properties. Joining the podcast today to discuss single family rental securitizations is one of the authors of the report, Brian Grow, Head of Residential mortgage-backed security ratings at Morningstar Also joining is Kevin Dwyer, Senior Vice President of Morningstar Structed Credit Ratings. Kevin rates RMBS and Single Family Rental transactions

IMN SFR Series, Fix & Flip Financing, Filler – Jordan Capital Nov 07, 2016

IMN Single Family Rental Conference Dec 5-7, 2016. CMT listeners can use code SP20 for a 20% discount. The fix and flip industry has become a very popular and profitable business as the housing market continues to recover. According to RealtyTrac, the average return on investment for house flippers grew from about 20 % in 2011 to 35 % to 2015. In some parts of the country, 8-10 % of all single-family home sales are fix and flips. There are three main financing options for investors to grow their business: bank Loans, private money loans and real estate crowd funding. Joining the podcast today is Mark Filler, CEO of Jordan Capital Finance. Jordan Capital Finance is a direct private money lender serving residential real estate investors who acquire, renovate, rent, and sell properties. Prior to founding Jordan Capital Finance, Mark co-founded Prism Financial Corporation and was the was the sole founder of Prospect Mortgage which is currently one of the largest independent retail mortgage lenders.

Single Family Rental & Affordability Gap-R. Gorelick, Gorelick Brothers Capital Oct 11, 2016

One well-publicized consequence of the housing recession has been a decline in the homeownership rate in the U.S. Falling house prices, job losses, increased foreclosures, and tightened consumer mortgage credit have all contributed to this trend. Not only has this led to an increase in the rate of rentership overall, it has contributed ever widening affordable gap for renters wanting to purchase homes and renters looking for affordable rent. Joining the broadcast today to discuss the single family rental environment and the affordability gap is Rael Gorelick with Gorelick Brothers Capital. Rael Gorelick has primary responsibility for investor relations for the Morrocroft family of funds. From 2001 until co-founding Gorelick Brothers in 2003, Rael served as a senior marketing and business development consultant for Atlantic Assurance Group. Rael managed Atlantic’s expansion into Texas following that state’s adoption of home equity lending.

Federal Reserve Remarks, Nyitray, iServe Lending Jun 15, 2016

Federal Reserve Chair Janet Yellen gave her news conference after the central bank kept interest rates unchanged. Market expectations for a Fed rate hike dwindled ahead of the meeting, amid a lackluster May jobs report and concerns about a British exit from the European Union. Joining the broadcast to discuss the economy, bond prices, the Fed and housing is Brent Nyitray, Director of Capital Markets at iServe Residential Lending. Brent is responsible for managing iServe’s origination pipeline and Ginnie Mae securitizations. Prior to iServe, Brent was an analyst and trader at several hedge funds as well as ran the European Risk Arbitrage trading desk at Bear Stearns. Brent is also the author of The Daily Tearsheet, a blog focused on the economy, financial markets and real estate.

Raising Capital From Family Offices - Wilson, CEO Family Offices.com May 23, 2016

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.

Pipeline Risk Management, Mortgage Professional's Handbook - Dean, CEO of MCM Apr 19, 2016

It’s called the NEW STANDARD INDUSTRY REFERENCE. Three volumes of the first ever published book entitled “The Mortgage Professional’s Handbook. It’s the first resource since the meltdown that discusses every aspect of the business from production, secondary marketing, operations, compliance, technology and finance. Dean Brown, Founder & CEO of Mortgage Capital Management and also one of the authors who wrote the chapter in regard to pipeline risk management joins the podcast to discuss the book and managing pipeline risk. Since 1994, MCM has helped mortgage bankers maximize profitability, decrease earnings volatility and powerfully manage their risks through their unique pipeline and interest rate risk management services and tools.

Home Price Forecast – O’Grady, CEO of ProTeck Valuation Mar 24, 2016

LISTEN FOR A SPECAIL OFFER PROVIDED BY REALTYTRAC FOR CMT LISTENRS AT THE END OF THE PODCAST!! The Federal Housing Finance Agency's Home Price Index (HPI) shows that home prices rose 5.8 percent year-over-year in the fourth quarter of 2015. Prices increased 1.4 percent from the third quarter of 2015, marking the 18 consecutive quarterly price increase in the purchase-only, seasonally adjusted index. A recent analysis from Capital Economics projects home prices will increase by 6 percent in 2016 with a more modest increases in 2017 at 4 percent. However, Capital Economics also is projecting that rising interest rates will lead to an economic slowdown in 2018. There are concerns from housing analysts and institutional investors that low mortgage rates have allowed buyers to pay more for homes that would look unaffordable relative to incomes if mortgage rates rose to 5% or 6%. In addition, global events and low oil prices are causing concern about a decrease in real estate prices in some areas of the U.S. Joining the podcast to discuss home price expectations is Tom O’Grady, CEO of Pro-Teck Valuations Services. Pro-Teck has been providing residential real estate valuation services since 1977.

Partnering With Non-Profits To Buy NPLs and REO - Hayes, Southside Community Dev Feb 02, 2016

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.

Blomquist Discusses RealtyTrac's Annual Foreclosure Report For 2015 Jan 14, 2016

RealtyTrac’s, annual foreclosure report for 2015 is out. RealtyTrac’s year-end foreclosure report is a unique count of properties with a foreclosure filings during the year based on publicly recorded and published foreclosure filings collected in more than 2,500 counties nationwide. The report highlights some trends that may illuminate the activity to expect in 2016. Some interesting highlights are Foreclosures starts are downRepossessions are upTimelines downThe report highlights states with the highest and lowest foreclosure starts and metro areas with the greatest risk. Foreclosure rates impact several sectors of the housing and mortgage market and understanding the data to plan strategically is critical to navigate 2016. Joining the broadcast to discuss the annual 2015 foreclosure report is RealtyTrac’s Daren Blomquist. Daren is RealtyTrac’s primary media spokesperson and resident go-to expert on housing and foreclosure statistics and trends. Daren is also managing editor of RealtyTrac’s Foreclosure News Report, which was named the “Nation’s Best Newsletter” by the National Association of Real Estate Editors, and is directly responsible for the creation of the company’s U.S. foreclosure market and sales reports. The report is cited by thousands of media outlets nationwide — including all the major news networks and leading publications such as The Wall Street Journal, The New York Times and USA TODAY.

European Distressed NPL Market – 2016 Outlook – Nil Wadehra, DDC Financial Group Jan 07, 2016

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.

HUD Single Family Loan Sale Non Profit Webinar - Part II – Panel Discussion Nov 11, 2015

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.

HUD Single Family Loan Sale Non Profit Webinar - Part I – Program Description Nov 10, 2015

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.

NPL Market & The Distressed Residential Mortgage Summit - Andrews, CEO DBI Sep 10, 2015

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.

Crowd Funding Real Estate Transactions - d'Errico, CMO - Patch of Land Sep 02, 2015

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.

Global Markets React To Volatility, Nyitray, Dir.of Capital Markets – iServe Aug 28, 2015

Fears over the health of China's economy kept world markets on edge this week and the country will remain in focus, along with the question of whether the Federal Reserve will raise interest rates next month. Those concerns sent world stocks, commodities and currencies on a roller-coaster ride this week, and purchasing manager surveys due on Tuesday are expected to show manufacturing contracted during August in the world's second-biggest economy. Federal Reserve officials who are most anxious to hike interest rates said on Friday that continued turmoil in financial markets may cause the central bank to delay tightening monetary policy beyond next month, even though the U.S. economy remains strong. Joining the broadcast to discuss the economy, bond prices, the Fed and housing is Brent Nyitray, Director of Capital Markets at iServe Residential Lending. Brent is responsible for managing iServe’s origination pipeline and Ginnie Mae securitizations. Prior to iServe, Brent was an analyst and trader at several hedge funds as well as ran the European Risk Arbitrage trading desk at Bear Stearns. Brent is also the author of The Daily Tearsheet, a blog focused on the economy, financial markets and real estate.

Capital Raise For The Distressed NPL & RE Investor - Shetty, Tremony Capital Aug 20, 2015

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.

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