Capital Markets Today

By Capital Markets Today

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Description

Produced by Capital Markets Today, host Louis Amaya, discusses capital markets, whole loan /MSR/ secondary trading, real estate and mortgage lending with industry experts.

Episode Date
The Changing Default Environment, Chen, Partner at Activist Legal
29:33

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.

 
May 31, 2019
IMN NPL Series-Extracting Value In Today's NPL Market, Johannsson-O.L.A.F
37:08

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.

CREATE VALUE WITH STATE OF THE ART PORTFOLIO MANAGEMENT TECHNOLOGY

May 29, 2019
IMN NPL Series-Economic Outlook, Blomquist, VP Market Economics, Auction.com
32:32

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.

CREATE VALUE WITH STATE OF THE ART PORTFOLIO MANAGEMENT TECHNOLOGY

May 29, 2019
DDC Euro Distressed Investment Summit Series, European Distresssed Real Estate, Horton-DDC Capital
32:30

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.

Feb 12, 2019
IMN NPL/RPL Series - Note Investing-Panzarello, Founder of The Tryllion Group
29:50

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.

Feb 04, 2019
IMN NPL/RPL Series - NPL Crowdfunding & Servicing, O'Donovan, AHP Servicing
29:58

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.  

Feb 01, 2019
IMN NPL/RPL Series - NPL Servicing, Dunnery-VP, Government Loan Servicing - Bayview Loan Servicing
38:24

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.

Jan 31, 2019
IMN NPL/RPL Series - 2019 Investment Outlook, Tenebaum-AZP Capital
29:31

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.

Jan 28, 2019
IMN NPL/RPL Series - Distressed Assets,Napolitano, Fund Mgr-Global Realty Trust
27:25

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.

Jan 26, 2019
IMN NPL/RPL Series - The Economy & NPL/RPL Market, Faller-Faller Financial
33:34

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.

Jan 26, 2019
IMN NPL/RPL Series - Buying & Managing NPLs, Turner -The Canadian Note Guy
26:50

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.

Jan 17, 2019
Structuring Debt/Equity CRE Financing, Mozer-Principal at George Smith Partners
29:46

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. 

Nov 08, 2018
NoteExpo Podcast Series – NPL & REO Acquisitions, Fuquan Bilal - CEO NNG Capital
28:27

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 

Oct 31, 2018
NoteExpo Podcast Series – Alternative Investments, Parson-Heritage Capital USA
33:22

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.

Oct 26, 2018
NoteExpo Podcast Series-The NPL Market, Cody Faller-Pres., Faller Financial
32:50

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.

Oct 23, 2018
NoteExpo Series – Real Estate & Mortgage Investments, Phelps - Freedom Founders
33:09

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.

 

Oct 22, 2018
NoteExpo Podcast Series – Buying Mortgage Notes-Eddie Speed / Note School
32:05

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.

Oct 19, 2018
NoteExpo Podcast Series – NPL Market, Repass/ Colonial Funding Group
26:25

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.

Oct 17, 2018
Real Estate Investments in Central & Eastern Europe, Tymoshchuk, CEO at UFuture
34:56

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.

Sep 19, 2018
Ukrainian NPL Market, Lukin-Dragon Capital-DDC Europe Investment Summit Series
34:29

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.

Sep 03, 2018
Deal Sourcing & Capital Raise, Pallas CEO of Opportunity Network
36:53

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.

Sep 03, 2018
IMN NPL/RPL Series, Non-Performing Asset Financing, Constantine, BofI Fed Bank
29:43

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.

Jun 01, 2018
IMN NPL/RPL Series, Non-Profit NPL Opportunities, Morales, Hogar Hispano Inc.
30:21

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.

May 25, 2018
IMN NPL/RPL Series, NPL & Real Estate Opportunities, Goldovsky, ProTitle
28:28

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. 

May 19, 2018
IMN NPL/RPL Series, The NPL Market, Brandenburg - Cal RE Fund Management
30:37

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.

May 10, 2018
DDC European Investment Summit Series, Greek NPL Market, Mountis-Delfi Partners
29:03

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.   

May 08, 2018
Capital Pro Series, NPLs in the EU, Browndorf, Distressed Capital Management
30:03
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.
Mar 19, 2018
Capital Pro Series, NPLs/Restructuring in the SEE, Fecker, Innovation Brain
28:14
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.
Feb 21, 2018
Capital Pro City Summit Series, CEE/SEE Opportunities, Wigan Acquisitions
24:37
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.
Feb 20, 2018
IMN NPL/RPL Series - NPL Risk Mgt, Sharpe, SVP/In-House Counsel-Rialto Capital
31:07
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. 
Jan 26, 2018
IMN NPL/RPL Series - NPL Legal Issues, Howard, Managing Attorney, Howard Law Grp
31:06
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. 
Jan 25, 2018
IMN NPL/RPL Series - Crowd Funding NPL Acquisitions, Newbery-CEO, AHP LLC
31:29
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.  
Jan 24, 2018
IMN NPL/RPL Series - The NPL Market, Gordon, Managing Director at ARC Asset Mgt
26:25
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.
Jan 23, 2018
IMN NPL/RPL Series - Notes & Cryptocurrency, Schmitz - NorthStar Inv Grp
31:38
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”.
Jan 22, 2018
IMN SFR Podcast Series - Single Family Rental, Section 8-Hemani, Alna Properties
24:44
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.
Nov 30, 2017
IMN SFR Podcast Series - Single Family Rental Prop Mgt, Ortner-Renters Warehouse
30:19
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.
Nov 28, 2017
IMN SFR Podcast Series - The Future of Single Family Rental - Rand, OwnAmerica
32:43
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.
Nov 22, 2017
IMN SFR Podcast Series-Real Estate vs. Note Investing, Lau-Noted Financial
31:57
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.
Nov 20, 2017
IMN SFR Podcast Series-SFR Turnkey Investments, Palano-Buy Cash Flow Properties
28:14
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.  
Nov 17, 2017
IMN SFR Podcast Series-Smart Home Tech for SFR Mgrs,Miller-Pres of PointCentral
26:32
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. 
Nov 16, 2017
IMN SFR Podcast Series - Q3 2017 Single Family Rental Rpt, Blomquist, Attom Data
33:51
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.  
Nov 09, 2017
NoteExpo Podcast Series - NPL/RPL Due Diligence - Goldovsky, CEO of ProTitle
32:03
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.  
Oct 30, 2017
NoteExpo Podcast Series - Seller Financing, Jeff Watson, Watson Law Firm
32:43
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.
Oct 24, 2017
NoteExpo Podcast Series - Buying NPLs, Guinn - President at Granite Investments
31:42
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. 
Oct 19, 2017
NoteExpo Podcast Series - NPL Mgt & Capital Raise, Van Horn, President – PPR
32:01
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.
Oct 18, 2017
NoteExpo Podcast Series - Alternative Investing, Parson-CIO Heritage Capital USA
34:15
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.
Oct 12, 2017
NoteExpo Podcast Series - Note Market, Faller, Founder of Faller Financial
35:15
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.  
Oct 11, 2017
The NoteExpo, Repass - Managing Director of Colonial Funding Group
31:14
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.  
Oct 10, 2017
IMN NPL Podcast Series-NPL/RPL Property Valuation Process, O'Grady, CEO ProTeck
40:16
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.
Jun 07, 2017
IMN NPL Podcast Series-Housing & Mortgage, Purviance, Federal Reserve Bank
33:56
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. 
May 25, 2017
IMN NPL Podcast Series-NPL Market & Capital Raise, Malecki, MD RCM LLC
31:42
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.  
May 23, 2017
IMN NPL Podcast Series-NPL/RPL Pricing & Market, Kelleher-MountainView Financial
32:22
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.  
May 18, 2017
IMN NPL Podcast Series - Buying & Selling NPLs, Orman, Carrington Holding Co.
28:41
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.
May 16, 2017
Disruptive Mortgage Industry Change, Tom Showalter, CEO Credit Sciences
36:20
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.
Apr 03, 2017
DDC EUR INV Series, EUR Distressed INV Environment, Schacter, CEO VION Investme
33:27
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.
Feb 23, 2017
DDC European Investment Series, Polish NPL Market, Browndorf - DCM
27:49
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. 
Feb 16, 2017
DDC EUR INV Series, Family Office & EUR Oppty - Wilson, CEO Family Office Club
25:01
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.
Feb 14, 2017
IMN NPL Series - HUD Direct Sales Program – DASP / Cham, HUD
22:35
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. 
Jan 11, 2017
DDC European Investment Series, Spain’s NPL Market, Enrich - Sareb
32:47
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.  
Dec 27, 2016
IMN NPL/RPL Series - NPL Trading - Pollio / SN Servicing Trade Desk
33:54
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. 
Dec 20, 2016
IMN NPL/RPL Series - NPL Market - Tenebaum / Prosperity Investment Fund
32:11
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.
Dec 14, 2016
IMN SFR Series, SFR Market Place - Beasley, CEO of Roofstock
31:38
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.
Dec 01, 2016
IMN SFR Series, SFR Securitizations - Grow/Dwyer, Morningstar Credit Ratings
33:15
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
Nov 16, 2016
IMN SFR Series, Fix & Flip Financing, Filler – Jordan Capital
30:47
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.
Nov 07, 2016
Single Family Rental & Affordability Gap-R. Gorelick, Gorelick Brothers Capital
29:33
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.
Oct 11, 2016
Federal Reserve Remarks, Nyitray, iServe Lending
29:41
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.
Jun 15, 2016
Raising Capital From Family Offices - Wilson, CEO Family Offices.com
34:56
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.
May 23, 2016
Pipeline Risk Management, Mortgage Professional's Handbook - Dean, CEO of MCM
31:08
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. 
Apr 19, 2016
Home Price Forecast – O’Grady, CEO of ProTeck Valuation
33:04
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.
Mar 24, 2016
Partnering With Non-Profits To Buy NPLs and REO - Hayes, Southside Community Dev
32:29
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.
Feb 02, 2016
Blomquist Discusses RealtyTrac's Annual Foreclosure Report For 2015
32:53
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.
Jan 14, 2016
European Distressed NPL Market – 2016 Outlook – Nil Wadehra, DDC Financial Group
32:15
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.  
Jan 07, 2016
HUD Single Family Loan Sale Non Profit Webinar - Part II – Panel Discussion
48:40
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.
Nov 11, 2015
HUD Single Family Loan Sale Non Profit Webinar - Part I – Program Description
01:02:51
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.
Nov 10, 2015
NPL Market & The Distressed Residential Mortgage Summit - Andrews, CEO DBI
37:16
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.
Sep 10, 2015
Crowd Funding Real Estate Transactions - d'Errico, CMO - Patch of Land
33:27
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.
Sep 02, 2015
Global Markets React To Volatility, Nyitray, Dir.of Capital Markets – iServe
33:41
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.
Aug 28, 2015
Capital Raise For The Distressed NPL & RE Investor - Shetty, Tremony Capital
37:13
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. 
Aug 20, 2015
Distressed Real Estate Sales & Housing Trends – Rich Sharga - EVP, Auction.com
33:54
According a recent Core Logic Report, Distressed sales—real estate-owned (REO) and short sales—accounted for 9.9 percent of total home sales nationally in May 2015, down 2.8 percentage points from May 2014. Distressed sales shares typically decrease month over month in May due to seasonal factors, and this distressed sales share was the lowest for the month of May since 2007 when it was 5 percent. Within the distressed category, REO sales accounted for 6.4 percent and short sales made up 3.5 percent of total home sales in May 2015. The REO sales share was the lowest since October 2007 when it was 6 percent. The short sales share fell below 4 percent in mid-2014 and has remained stable since then. The ongoing shift away from REO sales is a driver of improving home prices since bank-owned properties typically sell at a larger discount than short sales. There will always be some level of distress in the housing market, and by comparison, the pre-crisis share of distressed sales was traditionally about 2 percent. If the current year-over-year decrease in the distressed sales share continues, it would reach that “normal” 2-percent mark in mid-2018. Joining me today to discuss housing and mortgage trends Rick Sharga, Executive Vice President at Auction.com.  Since 2003, Rick has been an industry spokesman covering the US Housing Market, Mortgage Industry and Real Estate trends, Rick’s is a sought after speaker and has been featured on Bloomberg, CNBC, CNN, FOX Business, MSNBC and other radio and news outlets. Auction.com is the largest nationwide online auctioneer of real estate
Aug 12, 2015
Alternative Mortgage Lending, Janc/Morgensen - Angel Oak Home Loans
34:48
Although some investors are still holding tight to credit standards, mortgage credit availability loosened last month, according to a recent Mortgage Bankers Association report.  The MBA concluded that the Mortgage Credit Availability Index (MCAI) increased 0.5 percent to 122 in April. Of the index’s four components, Government lending saw the greatest easing and was up 1.1 percent over the month. The Jumbo index increased of 0.8 percent and the Conforming index saw an increase of 0.2 percent. The Conventional index decreased 0.6 percent. It appears the increase was driven by new offerings of FHA’s 203(k) home improvement program, new VA offerings and new jumbo products. The increase was partially offset by some investors tightening underwriting criteria on conventional cash out offerings.” Joining me today to discuss alternative mortgage lending is Lee Janc, a Strategy and Business Development Executive for the Financial Service Industry and Eric Morgensen of Angel Oak Home Loans.  Angel Oak Home Loans serves both the Retail and the Wholesale markets and specializes in non-conforming products.  
Jun 03, 2015
Field Service Compliance – Mingham, Pacific Preservation Services
33:55
CFPB servicing rules not only impact the servicer, but have a significant impact on 3rd party vendors, especially field service providers.    Oversight, audits, neighborhood stabilization, management of code violations and property preservation are just a few of the issues servicers and field service providers need to management. Standardization and data management appear to be vital to managing an auditable process to reduce risk and remain compliant with evolving legislation.  Joining the broadcast today to discuss the impact of compliance and quality control on the field service industry is Brian Mingham, President of Pacific Preservation Services. Pacific Preservation Services is a property preservation and inspection company for pre-foreclosure, vacant, and REO properties.   Pacific Preservation Services integrates advanced transactional technology and seamless asset management workflow which has propelled year-over-year sales growth by 34%  
Apr 15, 2015
2015 Housing Outlook - Bloomquist, RealtyTrac
35:18
Most indicators point to substandard housing performance in 2015.  Many variables such as affordability, foreclosure trends, demographics, among others, will play a role nationally and regionally in presenting opportunities and pitfalls. Joining the broadcast today to discuss the 2015 housing market is Daren Bloomquist with RealtyTrac. Daren joined RealtyTrac in 2001 and has been instrumental in many facets of the company’s business as it transformed into the industry leader it is today. 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.
Apr 07, 2015
Non Profit's Role In The Mortgage Industry, Zakowska, CEO-Home Means Nevada
33:55
According to a recent article is DS News, NeighborWorks America , a Washington, D.C.-based non-profit  , has announced the awarding of $44.8 million to various organizations in the National Foreclosure Mitigation Counseling program to help distressed families and individuals whose homes are facing foreclosure. While foreclosure numbers have declined significantly since the peak years of 2010 and 2011, a recent uptick in foreclosure starts demonstrates the need still exists for loss mitigation programs and non-profit expertise. Home Means Nevada is another unique non-profit / governmental partnership created to assist struggling homeowners.  Home Means Nevada is a Nevada State affiliated nonprofit organization established for the development and execution of homeowner assistance and outreach programs and events to address the challenges and needs of distressed homeowners. Joining the broadcast to discuss the expanding role of non-profits in the mortgage industry is Anna Zakowska, CEO of Home Means Nevada. Anna launched the Nevada Home Retention Program designed to assist those individuals and families at risk of losing their homes who have not been helped by other housing programs. 
Mar 18, 2015
Short Refinances, Everett - Cairn Advisors
32:49
In November, FHA extended the principal reduction loan program for two more years.  The FHA short refinance program was first authorized by Congress in 2008 to assist non-FHA borrowers that are underwater. It has evolved over time and is now being extended through 2016. The short refinance is an under-utilized tool for investors who are looking to monetize their performing loans at a higher yield than a sale of the re-performing note. Joining the broadcast to discuss short refinances is Craig Everett, principal at Cairn Advisors. Craig has over 20 years’ experience in the mortgage industry in a variety of lending environments.  Craig’s previous positions include Vice President of Distressed Originations for Lime Financial/Credit Suisse and Founding Partner of Wealthbridge Mortgage a 50 state originator and special servicer. Craig has spent the last 5 years as principal of Cairn Advisors working in the distressed origination space where he has helped hedge funds, servicers and other clients maximize the return on their assets through unique loss mitigation strategies. 
Mar 04, 2015
Buying/Selling Non-Performing Loans - Fullwood, Pinnacle Investments
37:40
It was recently reported in DC News that three of the nation's largest mortgage lenders have put sizable packages of non-performing and performing mortgage loans on the market for investors to buy First reported by Bloomberg, The loans are worth a combined $4.5 billion.  Bank of America has put up approximately $2.56 billion worth of delinquent debt for sale, including non-performing loans, performing mortgages and home equity lines of credit (HELOCs), Citigroup has put up $1.8 billion worth of non-performing mortgages for sale, and JPMorgan Chase is looking for a buyer for $143 million worth of nonperforming mortgage loans.  And lastly, Freddie Mac just sold $440 million in non-performing loans. Data compiled by Mission Capital shows that about $4.2 billion worth of non-performing loans and $3.2 billion worth of modified or re-performing loans have traded or been put up for sale so far this year. Joining the broadcast to discuss the non-performing mortgage market is Troy Fullwood.  Troy is an 18+-year veteran of the secondary mortgage business, along with being a personal investor.  He has been involved in over 13 thousand residential mortgage transactions totaling over a billion dollars in transactional history throughout the United States. 
Feb 18, 2015
Economy, Bond Market, Fed & Housing Update - Nyitray, iServe Lending
34:44
According to the Financial Post, U.S. economic growth slowed sharply in the fourth quarter as weak business spending and a wider trade deficit offset the fastest pace of consumer spending since 2006. The slowdown, which follows two back-to-back quarters of very strong growth, is likely to be short-lived given the enormous tailwind from lower gasoline prices. Most economists believe fundamentals in the United States are strong enough to cushion the blow on growth from weakening overseas economies. Even with the moderation in the fourth quarter, growth remained above the 2.5% pace, which is considered to be the economy’s potential. Economists had expected the economy to expand at a 3% rate in the fourth quarter 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, 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.
Feb 13, 2015
Reverse Home Equity Conversion Mortgages , Fontanilla, Madison Paige Capital
31:37
The Home Equity Conversion Mortgage (HECM) is FHAs reverse mortgage program which enables you to withdraw some of the equity in your home. The borrower chooses how they want to withdraw their funds, whether in a fixed monthly amount or a line of credit or a combination of both. Borrowers can also use a Home Equity Conversion Mortgage to purchase a primary residence if the borrower is able to use cash on hand to pay the difference between the HECM proceeds and the sales price plus closing costs for the property that is being purchased.   As the demographics of the nation continues to trend towards older homeowners, this could be an area of high growth for mortgage originators and investors. Joining the broadcast to discuss Home Equity Conversion Mortgages is David Fontanilla, Founder and Managing Partner of Madison Paige Capital and Pioneer Analytics.  David has been involved in an array of residential mortgage capital markets activities, ranging from structuring, negotiating and executing portfolio Acquisitions, dispositions and securitizations to company acquisitions and public policy formulation.
Jan 15, 2015
FHA Loss Mitigation Requirements / Schmidt, Meroney - DLS Servicing
33:50
FHA’s Loss Mitigation Program was established in 1996 to ensure that distressed FHA mortgagors were afforded opportunities to retain their homes and to assist in minimizing losses to FHA’s Mutual Mortgage Insurance Fund. Joining the broadcast today to discuss challenges servicers face specific to loss mitigation in today’s environment is.... Donna Schmidt, Managing Director and Principal at DLS Servicing and Michael Meroney, Director of Business Development and Consulting at DLS Servicing.
Dec 10, 2014
Impact of Increasing Mortgage Interest Rates - Baer, CEO of Market Alert
36:17
According to a recent Zillow Real Estate Research report, over the next year, the underlying drivers of the housing market will approach a delicate handoff as a market driven by accommodative monetary policy gives way to one driven by macroeconomic fundamentals.    Joining me today to discuss interest rate movement and its impact is Larry Baer, CEO and Chief Analyst of Market Alert. Market Alert is a market information and pipeline risk management consulting firm based in Plano, Texas.  Market Alert pioneered the delivery of real-time market information and commentary to mortgage originators.  
Nov 24, 2014
Mortgage Manufacturing Risk - Showalter / Digital Risk
33:40
The credit quality of loans originated after the crash are generally viewed to be very high as credit standards hav tightened.  However, the manufacturing process of the mortgage loans still possess sustain risk to the lender especially as it pertains to valuation and income verification. Joining the broadcast today Thomas Showalter, Chief Analytics Officer of Digital Risk.  Thomas, is responsible for the data, analytics and “decisioning” systems in use and under development.   Thomas and his development team leverage the extensive Digital Risk database to create unique and powerful analytics with an extensive focus being placed upon applications that determined the most appropriate, loss mitigating treatment for distressed mortgage loans. 
Nov 20, 2014
Capital Deployment Opportunities - DiPalma, Garnet Capital Advisors
30:48
Lou DiPalma, Managing Partner of Garnet Capital Advisors joins the broadcast to discuss capital deployment opportunities. Garnet Capital Advisors is a financial-services company specializing in managing loan portfolio sales and providing valuation services to banks and other credit grantors. DiPalma manages Garnet’s client-origination and portfolio-sales efforts. Lou’s asset brokerage experience includes credit cards, installment loans, and mortgage and commercial loan products.   Lou has written for and been widely quoted in numerous industry publications including American Banker, The Financial Times (London), and Collections and Credit Risk. 
Nov 12, 2014
Are re-performing loans ready to be securitized? - Morningstar Credit Ratings
33:13

Brian Grow and Gaurav Singhania of Morningstar Credit Ratings, LLC join the broadcast to discuss the growing NPL/RPL securitization asset class.  Brian and Gaurav will review the current NPL/RPL market, discuss Morningstar Credit Ratings' ratings approach and examine the evolution of the non-rated to now possibly rated asset types.

Nov 05, 2014
Institutionalization Of The Single Family Rental Industry-Rand, CEO Own America
33:22
Greg Rand, Founder & CEO of OwnAmerica joins the broadcast to discuss the institutionalization of the single family rental industry.  To date, an estimated 10 securitizations have been issued in Single Family Residence, totaling $7.5 billion and backed by 38,000 properties which have all been single-borrower deals. Published reports say 2015’s securitization volume could match or exceed that amount, while over the next few months, the first multi-borrower deal in the sector is expected to reach the market.
Oct 30, 2014
Servicing Transfer Compliance - Lewis Founder of Advisory Opinion
37:10
In light of potential risks to consumers that may arise in connection with transfers of residential mortgage servicing rights, the CFPB recently issued a compliance bulletin and policy guidance to residential mortgage servicers and subservicers.  The CFPB’s concern in this area remains heightened due to the continuing high volume of servicing transfers.   Joining the broadcast today to discuss servicing transfers is Jana Lewis, Founder of Advisory Opinion LLC.  At Advisory Opinion, Jana counsels clients utilizing her thorough understanding of the legal, monetary and regulatory intricacies of consumer finance, distressed mortgage loans, the capital markets within which consumer debt is traded and serviced.  
Oct 24, 2014
The Individual NPL Secondary Market - Speed, President Colonial Financial
36:03
Eddie Speed, president of Colonial Financial and Note School, joins the broadcast to discuss the liquid and growing non-performing mortgage loan (NPL) secondary market.  Eddie explains the benefits to both the seller and the buyer in transacting trades into the NPL secondary market. For over 32 years, Eddie Speed has been a true leader and innovator in the Note Buying Industry. Already the recipient of the Note Industry Achievement Award, his industry insight, drive and leadership has positioned him as the leading expert on the greatest opportunity in today’s market: Non-Performing Notes and Seller Financing. His advice and guidance has created more successful note investors than anyone in the industry; it’s no wonder his advice is sought after by industry leaders, A-listed corporations and the industry’s top producers.  
Oct 14, 2014
Raising Capital From Family Offices - Wilson, CEO Family Offices.com
33:26
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.
Oct 07, 2014
Community Reinvestment Act & Non Performing Whole Loan Trading
32:14
Vince Orduno, of Orduno & Associates, joins the broadcast to discuss the intricacies of the Community Reinvestment Act and how the Act aligns with Neighborhood Stabilizing initiatives and objectives that many buyers of non-performing loan pools strive to achieve.  Vince Orduno has extensive experience in multicultural lending and consults with investors, banks and other institutions promoting effective CRA strategies.
Oct 06, 2014
Federal Open Market Committee Meeting Analysis - SPECIAL EDITION
21:55
Wall Street markets were higher in afternoon trading today after the Federal Reserve concluded a two-day meeting with a statement affirming its commitment to its stimulus campaign. Brent Nyitray, Director of Capital Markets at iServe Lending analyzes the results of the meeting.  
Sep 17, 2014
Housing & Interest Rate Update, Nyitray - iServe Residential Lending
35:36
Brent Nyitray, Director of Capital Markets at iServe Residential Lending joins the broadcast for his regular quarterly housing and interest rate update.   Brent is a regular guest on the program and has extensive experience in securitizations, hedging, trading and capital markets.
Aug 29, 2014
FNMA's Chief Economist Mark Palim - 2014 2nd half Economic Forecast
35:22
Mark Palim, Vice President of Applied Economic and Housing Research for FNMA joins the broadcast to discuss 2014's 2nd half economic forecast.  Palim is responsible for overseeing the Economic and Strategic Research Groups forecast and is FNMA's key spokesperson on economic and banking trends
Aug 20, 2014
Housing Affordability - Blomquist, ReatlyTrac
37:28
Daren Blomquist, Vice President at RealtyTrac discusses a recent report published by RealtyTrac analyzing housing affordability. Daren is directly responsible for the creation of the ReatlyTrac's U.S. foreclosure market and sales reports, which are 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. He has been quoted in hundreds of national and local publications and has appeared on national network broadcasts, including CBS, ABC, CNN, CNBC, FOX Business and Bloomberg.
Aug 12, 2014
Non/Re-Performing Loan Securitizations – Jury, Guardian Investment Banking
35:39
Mark Jury, principal at Guardian Investment Banking joins the broadcast to discuss recent trends in non-performing and re-performing residential mortgage loan securitizations.  Mark is responsible for Guardians residential investment, servicing, advisory and capital markets business.
Jul 30, 2014
Is There A Housing Bubble? O’Grady, CEO-Pro Teck Valuations Services
36:07
Tom O’Grady, CEO of Pro Teck Valuations Services, joins the broadcast to discuss a possible housing bubble.  Pro Teck was established in 1977 and provides appraisals, BPOs, automated values, real estate analytics and desk reviews.
Jul 25, 2014
Single Family Rental Update & Analysis - Morningstar w/ Singhania & Grow
34:58
Gaurav Singhania, SVP RMBS and Brian Grow, Managing Director RMBS at Morningstar Credit Ratings, LLC join the broadcast to provide updates and analysis on single family rental performance.  Singhania and Grow will provide updates on securitizations, institutional players, emerging strategies, investor landlord strategies, multi-borrower deals and the latest information on Invitation Homes
Jun 26, 2014
Distressed Mortgage Trading Opportunities-Andrews, CEO of Dreambuilder
34:41
Peter Andrews, the Founder & CEO of Dreambuilder Investments, a private investment firm specializing in the acquisition, management and liquidation of defaulted residential mortgages, joins the broadcast to discuss the current distressed mortgage market environment and opportunities.
Jun 04, 2014
Housing Reform - Nyitray, Director of Capital Markets at iServe Lending
27:08
Brent Nyitray, Director of Capital Markets at iServe Residential Lending joins the broadcast to discuss five possible elements of housing reform.  Legislation, Mel Watts, FOMC minutes and current homebuilder earnings are also examined.
May 22, 2014
Shadow Inventory Transitions to Ghost Inventory - Falk, CEO of ShortSave Inc.
34:02
Shadow inventory has trasitioned to "Ghost Inventory".  When banks sell non-performing loans or real estate to investors, the inventory falls off the grid as the bank has resloved the issue.  However, most of the loans and much of the REO still exsist and will most liley be sold in the secondary or primary market at some point in the future. Joining the broadcast to discuss Ghost Inventory is Karl Falk, Co-Founder, Chairman and CEO of tech start-up ShortSave Inc.  
Apr 30, 2014
Investment Opportunities - Rael Gorelick, Gorelick Brothers Capital
33:03
Rael Gorelick, Co-Founder of Gorelick Brothers Capital joins the broadcast to discuss investment opportunities in the current evolving market. Rael discusses his firm’s methodologies and decision making process.
Apr 08, 2014
Regulations & Shadow Inventory - Roger Beane, Founder & CEO of LRES Corporation
33:01
Roger Beane is the Founder and Chief Executive Officer of LRES Corporation. Mr. Beane leads an extraordinary team of professionals committed to providing real-world solutions that impact the operational efficiency and institutional profitability of LRES client organizations. Mr. Beane is a frequent speaker at national conferences and a noted contributor to national publications in the mortgage industry. 
Apr 08, 2014
Whole Loan Trading Technology & Trends- Steve Schipper, CEO of Lendtrade
34:31
Steve Schipper, Founder and CEO of Lendtrade joins the broadcast to discuss whole loan technology, pricing and product trends.    LendTrade has been described in the press as LinkedIn meets Match.com for the secondary market.  HousingWire recently named LendTrade as one of the 100 most innovative technology companies in the housing economy.
Apr 02, 2014
Valuation Trends, Broadwell, Founder & CEO of Realty Pilot
33:56
Christian Broadwell, Founder & CEO of Realty Pilot discusses valuation trends, possible real estate bubble and technology.
Mar 26, 2014
Mortgage Industry Employment Outlook - Glass, Mortgage Banking Executive Search
32:46
Rick Glass, Principal at RT Glass & Associates Mortgage Banking Executive Search, joins the broadcast to discuss the employment outlook.
Mar 11, 2014
David Stevens, CEO & President of the Mortgage Bankers Association
39:05
David Stevens, CEO & President of the Mortgage Bankers Association, joins the broadcast to discuss 2014 MBA residential priorities and the market.
Mar 05, 2014
Mortgage Headlines with Sam Garcia, Publisher of Mortgage Daily News
35:08
Sam Garcia, Publisher of Mortgage Daily News, joins the broadcast to discuss the latest headlines
Feb 26, 2014
Whole Loan Trading Trends - LeBlanc, MD-Capital Markets at DebtX
31:35
Liquidity, compliance, transparency and leverage drive mortgage whole loan trading to higher volumes in 2013 into 2014 and beyond. David LeBlanc, Managing Director at DebtX, joins the broadcast to discuss whole loan trading trends.
Feb 24, 2014
Using 3rd Party Vendors to Manage QM Risk and Process - Credit Plus
34:25
Using 3rd party vendors to manage risk and process is essential to originating mortgage loans in the new environment of regulation and compliance.  Joining the broadcast today to discuss strategies, impact and evolution of 3rd party services are three senior executives from Credit Plus. Greg Holmes, National Director of Sales and Marketing - Greg is responsible for branding, marketing, public relations, advertising and interactive strategies as well as new product innovations. Scott Ostendorf, Vice President of Verification Services - Scott is responsible for the development and implementation of a broad range of verification services and products including Undisclosed Debt Verifications and Employment Verifications. And Judy Ryan, Vice President of Corporate Sales. - Judy has been in the industry for more than 25 years and is the past President of The National Consumer Reporting Association and currently serves as a Board member. 
Feb 19, 2014
Bifurcation Of The Mortgage Origination Business - Showalter, CAO - Digital Risk
32:27
Tom Showalter, Chief Analytics Officer of Digital Risk, joins the broadcast to discuss QM and origination defect requirements and potential impact. Showalter, hints that the bifurcation of the mortgage origination business is eminent. Showalter reflected that a mortgage company’s business is understanding consumers needs and wants then developing credit, marketing and secondary policy that meets market expectations. Because of the compliance risk and costs, manufacturing the loan or the process of originating will most likely fall to a few large companies that have the ability and balance sheet to invest millions into technology, compliance and process. Showalter goes onto to discuss the GSEs, short and long term outlook, impact of origination defects to price and performance.  
Feb 05, 2014
Non-Prime Lending - Rosen, Anchor Financial News Network/CEO Pitbull Conference
33:57
Leonard Rosen was a news anchor on the Financial News Network in the 80's. Mr. Rosen also hosted the Leonard Rosen show which appeared nationally.  Mr. Rosen is currently the CEO of Pitbull Conference which is the largest organization in the country educating real estate investors, brokers and lenders on the emerging opportunities in private money financing. He is also considered an expert in the field of creating real estate investement funds.
Jan 27, 2014
Forecasting Interest Rates - Baer, Founder of Market Alert
30:54
Larry Baer joins the broadcast to discuss forecasting interest rates, high/low cycles and monetization of forecasts. Larry Baer is the founder and president of Market Alert, Inc. – a market information and pipeline risk management consulting firm based in Plano, Texas.  Market Alert, Inc. is the leading provider of real-time market prices, forecasting and analysis for mortgage brokers.  
Jan 21, 2014
New Qualified Mortgage Rules - Whalen, EVP & MD Carrington Holding Co
34:45
Joining the broadcast today to discuss the new qualified mortgage rules is Chris Whalen, Executive Vice President and Managing Director for Carrington Holding Company.  Carrington operates in virtually every aspect of the real estate and mortgage space.  Chris currently writes a twice weekly column, Washington & Wall Street, on the Breibart.com web site.  He also contributes articles to Zero Hedge, American Banker and The National Interest.  Chris has testified before Congress, the Securities and Exchange Commission and the Federal Deposit Insurance Corporation on a range of financial, economic and political issues and is a regular commentator on Bloomberg and other news organizations Lastly Chris is the author of the December 2010 book, “inflated: How Money and Debt Built the America Dream”.
Jan 20, 2014
2014 Economic Forecast - Fermanian Economic Institute - Dr. Reaser, Ph.D.
01:00:22
Listen to a live recording of the Fermanian Business & Economic Institute's 2014 economic forecast conducted on December 6, 2013 by Dr. Reaser, Ph.D. & Chief Economist.. Lynn Reaser, Ph.D., is Chief Economist f at the Fermanian Business & Economic Institute (FBEI). The Institute engages in economic analysis, modeling, and forecasting with practical and actionable recommendations Dr. Reaser is also the Chief Economist of the Council of Economic Advisors for California State Controller John Chiang, and is a participating economist in the S & P/Case-Shiller Real Estate Index and many other leading economic gauges and surveys.  From 1999 to 2009, she served as the Chief Economist for the Bank of America Investment Strategies Group. Dr. Reaser provided the global and U.S. economic framework for investment strategy for high net-worth, institutional, and brokerage clients, encompassing over $500 billion under management. She previously served as Barnett Bank’s (Bank of America) and First Interstate Bank’s (Wells Fargo Corporation) Chief Economist.
Jan 09, 2014
Fed Tapers Stimulus - Analysis And Impact
31:05
Analysis by Brent Nytray, Director of Capital Markets at iServe Lending.  We'll discuss impact to the bond and equity markets, inflation, forward guidance and currency value.  
Dec 19, 2013
New Mortgage Servicer Requirements - Koch, SVP Morningstar Credit Ratings
41:03
Richard Koch, SVP of Morningstar Credit Ratings provides detailed information on new CFPB servicing requirements. Koch is a Senior Vice President in the Operational Risk Assessment Group at Morningstar.  He is responsible for overseeing the development and publication of all residential mortgage and consumer finance industry-related evaluation and ranking criteria.
Dec 13, 2013
New Mortgage Servicer Requirements - Koch, SVP Morningstar Credit Ratings
41:03
Richard is a Senior Vice President in the Operational Risk Assessment Group at Morningstar.  He is responsible for overseeing the development and publication of all residential mortgage and consumer finance industry-related evaluation and ranking criteria.
Dec 11, 2013
MSR Values Gain As Banks Continue Sell Off - Christo EVP Prestwick MG
31:00
Banks are scaling back from a 10 trillion market in mortgage servicing rights amid looming Basel III and CFPB regulations.  Private equity firms crowd the space driving prices upward. George Christo, EVP of Prestwick Mortgage Group discusses recent MSR trading trends.
Dec 09, 2013
Forecasting Interest Rate Trajectory - Baer, Founder of Market Alert
41:42
Behind the Curtain – A look at the two simple engines that drive every change in the trend trajectory of mortgage interest rates.   Larry Baer is the founder and president of Market Alert, Inc. – a market information and pipeline risk management consulting firm based in Plano, Texas.  Market Alert, Inc. is the leading provider of real-time market prices, forecasting and analysis for mortgage brokers.    
Nov 20, 2013
Nationstar, Ocwen’s Stock Decline – Stonegate, CherryHill IPO
24:43
Brent Nyitray, Director of Capital Markets for iServe Residential Lending dissects recent stock price declines in Nationstar and Ocwen as well as recent Stonegate and CherryHill IPOs.  Are fundamentals sound or is the market correction an indication of 2014? Prior to iServe, Nyitray was an analyst and trader at several hedge funds as well as ran the European Risk Arbitrage trading desk at Bear Stearns.  He has a Master in Business Administration in Finance from the Simon School at the University of Rochester and a Bachelor of Science in Economics from the University of Wisconsin.
Nov 19, 2013
New Paradigm In Mortgage Lending – Cinelli, CEO of PRIMARQ
45:34
Crowd-funding is the collective effort of individuals who network and pool their money, usually via the Internet, to support efforts initiated by other people or organizations.    PRIMARQ is a capital market system that uses equity share finance to achieve two ends: first, to allow a person to become a homeowner of a property that otherwise would have been difficult or impossible to attain and second, to provide a platform whereby investors can gain exposure to the residential real estate asset class.  PRIMARQ brings fresh
Nov 13, 2013
Pipeline Hedging - Brown, CEO Mortgage Capital Management
30:55
There are a number of conflicting theories on what makes a company successful when they enter into, or have been, operating in a hedging environment.  Dean Brown, Founder & CEO of Mortgage Capital Management discusses pipeline hedging and how it reacts to rate movement. Since 1994 MCM has effectively helped mortgage bankers maximize profitability, decrease earnings volatility and manage risk. 
Nov 06, 2013
Real Estate Trends-Slonaker, SVP Carrington RE Services
37:23
Matt Slonaker, SVP of Carrington's Institutional Business Channel for the Real Estate Group discusses current real estate trends, asset performance, liquidation rates, impact of short sales, housing & jobs, servicing strategy, future forecast and more.  
Oct 30, 2013
The Art Of Raising Capital - Block, CEO Of Bullseye Capital
44:10
Raising capital is a mystery to most, but is an attainable objective for the manager looking to start a small opportunistic fund. Joining the broadcst today is Joel Block, CEO of Bullseye Capital.  The Bullseye Capital Real Properties Opportunity Fund is a real estate focused private equity fund based in Agoura Hills, CA.  
Oct 23, 2013
Debt Ceiling Explanation and Implications
31:26
Debt ceiling rhetoric from both sides has blurred the reality that the US Government continues to spend more money than it takes in. On this broadcast, we explain what the debt consist of, who owns it and short / long term impact on federal policy and interest rates.
Oct 16, 2013
CFPB / Dodd Frank Impact-Alt, President of LOGS Network
37:07
Jerry Alt, president of LOGS Network, joins the broadcast to discuss the current regulatory environment.  Specifically the impact, costs and burden of  that the CFPB & Dodd Frank imposes on servicers and vendors.
Oct 10, 2013
$100mm REIT raised for Distressed Impact Investing
29:44
Rebecca Regan develops and manages the Housing Partnership Network’s capital market relationships and oversees its neighborhood stabilization and foreclosure prevention initiatives. She also plays a critical role in leading business collaboration and peer exchange among the network’s high-performing affordable housing organizations. Previously she served as COO for Boston Community Capital as well as president of its Loan Fund. 
Oct 02, 2013
Distressed Inventory Index - Morningstar Credit Ratings
31:06
Morningstar Credit Ratings, LLC finds that the overall distressed inventory has decreased by 21% from a year ago, while the number of liquidations declined a significant 37%. At the current pace of liquidation, it will take 41 months to clear the distressed pipeline, up from 38 months a year ago. Joining the broadcast from Morningstar Credit Ratings today to discuss the distressed inventory index is Fan Huang, SVP-RMBS, Becky Cao, Managing Director-RMBS and Brian Grow, Managing Director - RMBS
Sep 25, 2013
SPECIAL EDITION - FED TAPERING ANNOUNCEMENT
21:28
Brent Nyitray, Director of Capital Markets at iServe Residential Lending joins the broadcast to discuss today’s Fed's announcement. The Federal Reserve is widely expected today to announce the beginning of the end of its easy-money policies, likely scaling back a bit its monthly bond purchases known as quantitative easing.
Sep 18, 2013
Lockhart, Vice Chairman of WL Ross, QE Tapering / FNMA/FHLMC
27:15
Recorded live at the Five Star Investor Symposium in Dallas Tx, Lockhart, former Director of FHFA discusses QE tappering, the future of FNMA/FHMLC, interest rates, whole trading and more.
Sep 13, 2013
Rick Sharga, EVP, Auction.com Values & Risk Rentention
29:21
Rick Sharga is EVP at Auction.com. Ahead of his current post, he was an EVP and primary spokesman for Carrington Mortgage Holdings. Before Carrington, Sharga spent eight years at RealtyTrac, where as SVP he was responsible for marketing, business development, and data operations. One of the country’s most frequently quoted sources on real estate, mortgage, and foreclosure trends, Sharga has appeared on the CBS Evening News, NBC Nightly News, CNN, ABC World News, CNBC, FOX, and NPR. 
Sep 10, 2013
Rand, CEO of OwnAmerica Identifies undervalued RE Market
24:41
Greg Rand, Founder & CEO of OwnAmerica is a 20-year residential real estate industry veteran. OwnAmerica focuses on the intelligent aggregation of single-family portfolios for institutional investors. Additionally, Rand wrote Crash Boom! and hosts FOX Business Network's “Where to Invest Now.” 
Sep 10, 2013
Regan, President of CMC raises capital for Impact Investing
29:42
 Rebecca Regan develops and manages the Housing Partnership Network’s capital market relationships and oversees its neighborhood stabilization and foreclosure prevention initiatives. She also plays a critical role in leading business collaboration and peer exchange among the network’s high-performing affordable housing organizations. Previously she served as COO for Boston Community Capital as well as president of its Loan Fund. 
Sep 10, 2013
Crawford, VP of Analytics, DataQuick
27:37
Gordon Crawford is responsible for developing models and analytics, including home price indices, automated property valuation models, and loan performance models, at DataQuick. He previously served as VP of mortgage research at Fannie Mae for more than 20 years directing loan and property performance research, home price forecasting, property valuation models, and home price index estimation methods. 
Sep 10, 2013
Allon, CEO of Allonhill, Compliance Risk Management
23:20
Sue Allon launched Allonhill with a mission to reinvent the mortgage due diligence industry. Prior to Allonhill, she introduced credit risk management to the mortgage industry when she launched The Murrayhill Company in 1997. At Price Waterhouse, and Coopers & Lybrand she was a manager in the asset resolution practice. 
Sep 10, 2013
Cobbs/Richards of NAA - Seller Financing Available
23:13
An unfortunate consequence of the currently depressed housing market is that many honest, well-intentioned, Americans have found themselves, through no fault of their own, unable to purchase a home. Traditional lending sources have disappeared except for those with the best credit scores. National Asset Advisors provides homes for sale with seller financing.  Enjoy the pride and economic security that comes with home ownership, in spite of your credit issues
Sep 09, 2013
Lockhart III, Vice Chairman WL Ross, Former Director FHFA
27:46
James B. Lockhart III is Vice Chairman of WL Ross & Co. LLC and member of the Office of the Chairman and Investment Committee. His responsibilities include overseeing financial services portfolio companies and sourcing new opportunities in the financial services industry. Mr. Lockhart previously was the Director of Federal Housing Finance Agency.
Sep 09, 2013
Clare, SVP Banc of Manhattan Capital - Whole Loan Trading
35:26
Rob Clare is Senior Vice President of Client Development for Banc of Manhattan Capital based in Woodland Hills, California.  Centered in Chicago, Rob has been in the mortgage and real estate industry since 1987 and brings a broad prospective and experience that includes residential origination, mortgage operations, broker/dealer activity and whole loan capital markets transactions. 
Sep 03, 2013
Kavana, CEO & Founder, Build U.S. Back-REO to Rental Outlook
28:06
Jordan Kavana, Founder & CEO of Transcendent Investment joins the broadcast to discuss the REO to rental outlook. In 2009, Mr. Kavana founded Build U.S. Back, a vertically integrated platform that evaluates, acquires, renovates, manages and leases single family homes throughout the United States.
Aug 27, 2013
Brown,CEO of Mortgage Capital Mgt-Hedging & Float Down Locks
31:00
Dean Brown, founder and CEO of Mortgage Capital Management joins the broadcast to discuss effective hedging strategies for secondary market professionals during an environment of rising interest rates. Since 1994 Mortgage Capital Markets has effectively helped mortgage bankers maximize profitability, decrease earnings volatility and manage risk.
Aug 20, 2013
Laren - Risk & Benefits of MSR Acquisition And/Or Retention
44:15
Phil Laren, Founder of PB Pacific Partners, joins the broadcast to discuss the risks and benefits of acquiring and/or retaining mortgage servicing rights. Mr. Laren has been involved in mortgage banking capital markets and risk management for over 25 years. He is well known for developing financial models with applications to servicing value, pipeline hedging, optimal use of options for both servicing and pipeline hedging, as well as profitability and best execution models.
Aug 14, 2013
Showalter, CAO of Digital Risk on New Origination Risk
36:14
Thomas Showalter, Chief Analytics Officer of Digital Risk, joins Mortgage Markets Today to discuss interest rates and identifying risk attributes to predict loan performance. Thomas and his development team leverage the extensive Digital Risk database to create unique and powerful analytics with an extensive focus being placed upon applications that determined the most appropriate, loss mitigating treatment for distressed mortgage loans. 
Aug 08, 2013
Pallotta, MP of LVG–The Science of Borrower Outreach & HARP
34:16
Frank Pallotta, Managing Partner of the Loan Value Group, discusses high risk borrower outreach and HARP origination. Loan Value Group's mission and focus is to offer a large-scale, low-cost, turn-key operating platform to positively influence consumer behavior on behalf of residential mortgage owners and servicers.
Jul 23, 2013
Duncan, Mortgage Loan Defects -Origination To Post Closing
31:30
Tommy A. Duncan, Chief Executive Officer of Quality Mortgage Services and Certified Mortgage Technologist, discusses the most common loan defects in todays orignation landscape. Quality Mortgage Services is a company that specializes in mortgage loan audit reviews for compliance and quality control.
Jul 17, 2013
Griffith, CEO of FCI Lender Services - CA HOBR Dissection
37:05
Michael Griffith, President  & CEO of FCI Lenders Services, discusses the California Homeowner Bill of Rights, a controversial piece of legislation that has far reaching implications for investors, servicers and foreclosure Trustee. This is required listening if you own or are considering purchasing loans in California. FCI was founded in 1982 and has over 2.3 billion in assets under management.
Jul 10, 2013
D'Vari/NewOak Cap., ARMS In Play, Why FNMA Not Selling NPLs
39:38
Ron D'Vari, CEO and Co-Founder of NewOak Capital joins the broadcast to discuss NPLs, Interest Rates and REO to Rental institutional investor strategies.  Also, borrowers flocking to ARM loans? Ron was formerly with BlackRock where he was Head of Structured Finance Business.  He also helped to set up Penny MAC, a mortgage company and was lead portfolio manager for BlackRock’s Mortgage Investors, a distressed securities fund
Jul 03, 2013
SPECIAL EDITION -Market Turmoil, Bond Market/ Interest Rates
31:52
In this special edition of the broadcast, we will dissect Bernanke's speech and the following market turmoil that created the highest one week increase in interest in 30 years.   We will discuss the  impact on interest rates, housing values, credit availability and the default industry.
Jul 01, 2013
McOsker, Esoteric Fixed Income Assets Trade Via Exchange
31:44
Thomas McOsker is President and Co-Founder of BloxTrade. BloxTrade is a online market place built for listing, trading, analyzing and servicing esoteric asset classes that trade in pools or blocks. As institutional Investor interest peaks, Thomas discusses the asset class, the investors that a drawn to this space and the evolution from the old buy and hold to the new liquid trading strategies.  
Jun 26, 2013
Nyitray–Bernanke Speaks,Rates Up, Bonds Clobbered, All Good?
30:29
Brent Nyitray, Director of Capital Markets joins the broadcast to analyze today’s speech by Ben Bernanke.  Brent provides insight even as the market tumbles and bonds get hammered.  Will QE end?  Are increased interest rates and professional investors leaving the real estate market a sign of normalization and better days?
Jun 19, 2013
Gibson@Mt.View IPS-RMBS, CMBS, Whole Loan Pricing & Outlook
36:29
Scott Gibson, Senior Vice President at MountainView Independent Pricing Service., a subsidiary of MountainView Capital Holdings discusses valuations for fixed income securities, residential whole loans, and other hard-to-value assets.  Mr. Gibson also provides insight into the current housing recovery and the potential for the whole loan market throughout the rest of 2013.  What is the secondary market pricing a modified or re-performing loan today?
Jun 13, 2013
Delgado - Carrington Out Of REO Trades, 2nd Housing Bubble?
30:57
Join us for the inaugural broadcast of Five Star Radio's Mortgage Markets Today. Ed Delgado, President & CEO of The Five Star Institute discusses the genesis behind Five Star Radio as well as delves into housing values, servicing and what’s in store for us at the Five Star Conference in Sept 2013.
Jun 05, 2013
Non-Prime Lending Comeback, Citadel Raises $200mm
33:12
Dan Perl, Chairman & CEO of Citadel Servicing Corporation & Managing Investment Partner for CMMI, LLC leads the charge back into non-prime lending. As recently featured in the LA Times, Dan discusses the proof of concept and capital raise phase as well as defines today's non-prime lending landscape, the market size and his path to the first private securitzation.  Like Redwood taking the lead on private jumbo secruitization, watch for Dan/Citadel to pave the way for others in the non-prime market.    
May 01, 2013
Gaffney/HW-Blackstone Drives Rental Revenue,PIMCO to Follow?
35:27
  Jacob Gaffney joins CMT for its regularly scheduled “Insider Report”.  Jacob details breaking news on CMT as well as discusses the latest RMBS/ABS deals, Blackstone’s earnings with Invitation Homes, CA Homeowner Bill of Rights, home sales, home builders and more. Jacob is the Executive Editor of HousingWire and HousingWire.com.  He previously covered securitization for Reuters and Source Media in London before returning to the United States in 2009.
Apr 24, 2013
Retain/Buy/Trading MSRs, Laren Discusses Risk and Benefits
45:19
Phil Laren, founder of PB Pacific Partners will discuss the valuation and decision methodology of retaining mortgage servicing rights. Mr. Laren has been involved in mortgage banking capital markets and risk management for over 25 years. He is well known for developing financial models with applications to servicing value, pipeline hedging, and optimal use of options for both servicing and pipeline hedging, as well as profitability and best execution models.  Mr. Laren received two Masters Degrees (in Economics and Statistics) from the University of Michigan, as well achieving a Candidate for Ph.D in Econometric theory from the University of Michigan.
Apr 17, 2013
Sequestration, QE, Record S&P Levels, What Does It Mean?
32:20
Brent Nyitray is the Directory of Capital Markets at iServe Residential Lending and is responsible for managing iServe’s origination pipeline and Ginnie Mae securitizations. Prior to iServe, he has been an analyst and trader at several hedge funds as well as ran the European Risk Arbitrage trading desk at Bear Stearns. Brent will discuss current trends and updates.
Apr 03, 2013
Park, CEO of AREAA–Engaging The International Client
36:29
  Jim Park, Co-Founder & CEO of New Vista Asset Management and Founder & President of the Asian Real Estate Association of America discusses the growing trend of global investors deploying capital into US real estate.
Mar 27, 2013
MSR Trading is Heating Up, Is Wells The Next Big Seller?
34:20
  Matt will discuss the rapidly changing environment in mortgage servicing rights (MSR) trading.  Who are the new players, pricing expectations, sellers and enhanced analytics? Matt Maurer is Managing Director at MountainView Servicing Group and MountainView Capital Group.  Matt Maurer is responsible for providing residential mortgage servicing rights and whole loan sales advice, portfolio valuation and risk management. 
Mar 21, 2013
Interest Shortfall - Growing Risk In Securitized Trades
36:04
Brain Alan, VP and Brian Grow, Managing Director at Morningstar Credit Ratings will discuss how servicer behavior is impacting interest short fall in residential mortgage backed securities.   Morningstar’s structured credit research and ratings subsidiary is a Nationally Recognized Statistical Ratings Organization (NRSRO) that has earned a reputation for innovation and excellence in the structured finance market. See RMBS Commentary, February 2013 – “Interest Shortfall Update: 2012 Review”
Mar 06, 2013
Identifying Risk in Whole Loan or Securitized Trades
36:37
  Thomas Showalter, the Chief Analytics Officer of Digital Risk, will discuss how to identify and manage two historically known forms of risk as well as a new type of risk that is prevalent and misunderstood or unknown by most institutional and whole loan investors. Digital Risk is the largest independent provider of risk, compliance and transaction management solutions.
Feb 27, 2013
Discussion w/ iServe's GC On The Sale of iServe Servicing
29:16
  Melissa Dant, General Counsel, for National Asset Direct Inc. and iServe Companies discusses the recently distributed offering memo regarding the solicitation for strategic proposal and sale of the iServe Servicing platform. iServe Servicing is a nationwide mortgage servicing platform with servicing and collection licenses intact.  iServe Servicing also includes custom developed operational and investor related reporting, technology and interfaces to key third party solutions. Note: iServe Companies continues to have the ability to service and manage component loss mitigation and short sale functions through iServe Residential Lending and iServe Real Estate Operations.
Feb 20, 2013
Govt NPL & RE Trades Creates Huge Opportunity for 203k
33:39
Skip Schenker, founder of Ready4Remodel, will discuss the intricacies, benefits and the ability to increase returns utilizing the well-known, but under-utilized, 203k renovation financing.   Increased loan trades and real estate offerings from HUD, FNMA & Freddie create a huge opportunity for 203k financing as the focus and requirements is neighbor stabilization. 
Feb 14, 2013
Faux from HUD discusses 3 Bln Loan Sale, FNMA to follow?
36:10
Brian Faux, Sr. Advisor at HUD discusses the next Single Family Loan Sale to be held in March 2013.  The sale will be offered in two parts with a National offering and a Neighborhood Stabilization Outcome Pool (NSO).  Tune in to get the details on stratification, process, protocol, timing, qualifying, etc.
Jan 31, 2013
Recent Secondary Trades, Nationstar, Redwood, QM & QRM
35:09
Jacob Gaffney is our guest and will discuss current market trends and provide color on Redwood Trust, Nationstar, QM, QRM and Real Estate Jacob Gaffney is the Executive Editor of HousingWire and HousingWire.com. He previously covered securitization for Reuters and Source Media in London before returning to the United States in 2009.
Jan 24, 2013
iServe Residential Lendings Capital Markets Update
35:38
Brent Nyitray, Director of Capital Markets at iServe Residential Lending discusses relevant events impacting interest rates, equity markets and housing.  
Jan 17, 2013
2013 Whole Loan Trading Outlook with Rudy Oman
33:42
Rudy Orman, Senior Vice President of Residential Credit Solutions will discuss the outlook for trading whole loans in 2013.   For information on the guest and their company, go to www.capital-mt.com and click on the “past show contact” Info link. Join the “Capital Markets Today” Group on LinkedIn to discuss the show and receive notification of upcoming shows.
Jan 11, 2013
Monetizing Illiquid Whole Loan Portfolios
35:46
Patrick Howard, Managing Director of Capital Markets at Cascadia Equity Leasing will discuss stratigies for monetizing illquid whole loan portfolios.
Dec 18, 2012
Tax Lien Investing; Sourcing, Pricing and Trading
33:45
Dan Freidman, Founder and Managing Member of Optimum Asset Management will discuss tax liens as an investment class.   Dan is the author of the book "Tax Lien Investing For Dummies"  
Dec 17, 2012
The Fiscal Cliff, Impact on Interest Rates & Ecnomony
30:56
Brent Nyitray, Trade & Director of Capital Markets at DellaCamera Capital Management discusses the fiscal cliff, interest rates and the economy.  Prior to iServe, Brent was a trader at several hedge funds and ran the European Risk Arbitrage trading desk at Bear Sterns. Join the "Capital Markets Today" group on LinkedIn to discuss the show and received notification of upcoming shows.
Dec 07, 2012
Trading Bulk REO Transacations
27:26
Tim Cook, Principal and Managing Director of the Bulk REO Network will discuss how to source, price, manage and liquidate bulk REO transactions.  We will also discuss strategies for disposition and the REO to Rental strategy. Join the Capital Markets Today group on LinkedIn to discuss the show, receive notifications of upcoming shows and obtain more detailed information on guests and their companies.      
Dec 04, 2012
Whole Loan Trading, AZ Dept of Housing Hardest Hit Fund
30:13
Reginald Givens, manager of the The Hardest Hit Fund for the Arizona Department of Housing, will discuss how whole loan investors can increase their returns leveraging federal funds. Join the "Capital Markets Today" group on LinkedIn to discuss the show and receive notifications of upcoming shows.  
Nov 30, 2012
Declining REO Inventory Impact On Investor Strategy
29:31
Todd Mobraten, president and chief operating officer of RES.NET, will discuss what the impact of declining REO inventory has on investors, pricing and the industry in general.  
Nov 27, 2012
MSR Trading w/ George Christo of Prestwick Mtg Group
29:00
George Christo, an active trader/broker of mortgage servicing rights will discuss the current environment, pricing and large trades recently completed.  For information on Prestwick Mortgage Group or George Christo please go to www.capital-mt.com and click on the "past show contact info" link. Join the "Capital Markets Today" group on LinkedIn to discuss the show and receive notifications of upcoming shows.
Nov 20, 2012
Whole loan Trading - Private/Public Collaboration w/ HPE
27:45
Sharon Pratt is the former mayor of Washington D.C. and founder of the Home Preservation Exchange (HPE).  Sharon will discuss the private/public collaboration that is required in 2013 whole trading environment and opportunities for investors.  For information on the Home Preservation Exchange or Sharon Pratt, please go to www.capital-mt.com
Nov 15, 2012
Valuation Trends w/ guest Ralph Sells, CEO eMortgage Logic
29:07
Join Capital Markets Today for an informative interview with the founder, President  & CEO of eMortgage Logic.  eMortgage Logic is one of the nation’s top valuation companies serving the default and origination markets.  Ralph will provide his insight on value trends, trough timing, home buyer profiles and more.  For information on eMortgage Logic or Ralph Sells, please go to www.capital-mt.com and click on the "past show contact info" link
Nov 09, 2012
Whole Loan Trading, Guest Ray Schalk
24:15
We’ll explore the trading environment with Ray Schalk, a veteran trader who is active in the market. We will address questions specific to the volume of trades in the market, pricing levels and execution.  For information on Ray Schalk or Granit Loan Solutions please go to www.capital-mt.com and click on the "past show contact info" link
Nov 02, 2012