Podcasts about nonperformingloans

Welcome to Capital Markets Today.  I will be producing a series of podcasts that help explain to potential investors why distressed debt, specifically, distressed real estate or (REO) and mortgage loans (NPL) may be a good investment to include in your investment portfolio.  There are many issues brewing that could trigger increased REO and NPL opportunities besides the obvious Covid related problems being discussed in the news daily.  Today I will focus on one issue that could cause problems for decades to come. Currently, most of us are focused on the immediate impact of the Covid crisis, the shut down, unemployment, interest rates and government stimulus.  All these issues have caused the immediate scenario that we are operating in today, but what is the long-term impact?  And does this long-term impact create a long-term opportunity for NPL and REO buyers? As most of the news talks about enforcing mandatory lockdowns and handing out money to citizens, there has been a problem that has been rapidly expanding in the background.  In fact, this problem might create a crisis that will not just be felt in the next week, the next month, or even the next year, but it might be felt for several decades to come. 

The latest long-term mortgage default projections from many analyst is now hovering around 7%.   This number will be bifurcated by loan product with FHA loans seeing the bulk of the defaults.  However, this number is pure projection and the long term number will depend on Expiration of the supplemental unemployment benefits due to occur at the end of July A further increase in the unemployment rates and continuing jobless claims. And Potential decline in home values Joining the podcast today to discuss the NPL market and its outlook is myself.  I was recently invited on an IMN podcast where I discuss the market and the launching of our shinning new Reg D distressed asset fund.  We are putting on the final touches on the fund and it should be ready to launch within the month.  I am CEO and Founder of PEMCO Capital Management and our firm has been providing platform for institutional investor to gain exposure in niche sectors within the distressed residential mortgage and real estate markets.  With our Reg D, we are now providing our institutional platform to accredited retail investors as well.

Utp e previsioni per il 2020: Giuseppe La Scala e Niccolò Pisaneschi commentano il recente report redatto da Abi-Cerved sul futuro del mercato dei crediti deteriorati, ipotizzando come le stime di crescita degli Npls potranno incidere sugli Utp e quali saranno le difficoltà che le piccole e medie imprese dovranno affrontare. Jessica Cammarano, Senior Associate, analizza un recente caso, affrontato dallo Studio, in tema di limite di finanziabilità nelle operazioni di credito fondiario

Sabrina Galmarini, partner dello Studio e responsabile del team Regulatory, commenta il documento EBA sulla qualità degli asset nel settore bancario europeo, in particolare il focus è posto sulla situazione dei Non Performing Loans.Roberta Pisano, Senior Associate dello Studio, analizza una sentenza in tema di validità delle notifiche a mezzo pec.

Christian Faggella, managing partner dello Studio, affronta il problema della gestione dei crediti deteriorati (NPLs) e delle possibili soluzioni.

Luciana Cipolla e Tiziana Allievi intervengono sul report "La durata dei fallimenti e delle esecuzioni immobiliari e gli impatti sui NPL” curato con Cerved. Francesco Concio commenta un'interessante sentenza in materia di mediazione bancaria.

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.

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. 

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. 

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.  

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”.

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.  

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.

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.

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.

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.

The non-performing loan market has swelled in the past few years.  Several billion are sold every quarter just from the GSEs and HUD.  However, the secondary market has become very competitive and buyers need unique strategies and partnerships to acquire notes at more competitive price. Aligning with a non-profit can be beneficial to both the investor and the non-profit.  Many loans are sold from HUD with specific outcome requirements that create a unique secondary market for the right partnership. Joining the podcast is Tim Hayes with Southside Community Development.  Tim works to partner investors and non-profits together in order to become qualified buyers NS Capitals non-performing loan and REO portfolio.

HUD has announced the latest sale in the Distressed Asset Stabilization Program (DASP) consisting of one offering date with National Pools and Neighborhood Stabilization Outcome (NSO) Pools offered on November 18, 2015.  HUD's NSO offerings will include one pool for which only non-profit bidders or units of local government are eligible to bid. HUD announced significant changes in DASP back in April in order to achieve better outcomes for borrowers. Under the new rules, loan servicers are required to delay foreclosure on a home for a year and evaluate all borrowers facing foreclosure for participation in the government's HAMP or a similar loss mitigation program. The improvements to the NSO sales portion of DASP include giving non-profits a first look at vacant properties, allowing purchasers to re-sell notes to non-profits, and offering a pool of loans for non-profits only. On October 21, 2015, HUD produced a webinar that was geared towards non-profits outlining the process of obtaining bidder approval, reporting requirements and required outcomes.  The webinar featured Neighborhood Stabilization Capital Management, an investment firm dedicated to working with HUD to promote the DASP program and non-profit inclusion.

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.

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.