Capital Markets Today

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.

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.

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.

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.

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.

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.

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.

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.

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.