Capital Markets Today

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?

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.

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.

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.

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.

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.

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.

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.

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”

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.