Capital Markets Today

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

Show notes

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

Show notes

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

Show notes

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

Show notes

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

Show notes

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

Show notes

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

Show notes

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

Show notes

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

Show notes

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

Show notes

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.

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