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.

IMN NPL/RPL Series, Non-Profit NPL Opportunities, Morales, Hogar Hispano Inc.

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John Dolan's contact Info provided at the end of the podcast. Back in July, Redfin paid $610,000 for a two-bedroom single family home in Las Vegas and a few weeks later put it back on the market for $674,900.  However, Las Vegas quickly went into a home price correction and the property currently remains unsold with a list price of $499,900, 18% below the acquisition price. As a result of the nationwide decline in values, Redfin recently announced its shutting down its algorithm-run iBuyer business.  As the market changes direction, how can real estate related investors protect or hedge the downside of their portfolio? Joining the podcast to discuss hedging real estate is John Dolan with HomePriceFutures.com.

How To Hedge Real Estate Value Decline, John Dolan HomePriceFutures.com

The housing slump is the economy’s biggest casualty so far from a series of Federal Reserve rate hikes designed to tame inflation. Lobbyists are scrambling to get help from Washington as housing the market demand tanks in response to rising interest rates and falling home prices. What do investors think?  Futures contracts on the Case Shiller Home Price 20 city Index which trades on the Chicago Mercantile Exchange are trading almost 20 points down from the peak of 327 a couple of months ago to 268 for January 2024 contracts.  This is slightly lower than what the index was pre-covid. Joining the podcast to discuss home values is Daren Blomquist, Vice President of Market Economics at Auction.com

Home Price Decline, Daren Bloomquist, VP Market Economics at Auction.com

Recently a nonprofit came under fire via an article published by a local NPR office in the California bay area, KQED.  Southside Community Development and Housing Corporation (SCDHC), a 501(c)(3) with operates its asset management business out of Encinitas CA to use the tools granted by SB 1079 to promote its mission of homeownership. This podcast will provide context and clarity to the outcomes in which the article tried to paint in a poor light for political purposes.

CMT Provides Context & Clarity to KQED SB 1079 Criticism

As the nation struggles to get back to some type normalcy, the reality is that we will see further shutdowns as we head into the winter months.   It’s impossible to forecast the full economic and financial impact of the pandemic, but we do know that many people are unlikely to return to normal work and economic consumption patterns anytime soon.  It’s also anticipated that  household and business defaults will likely increase and negatively affect the financial sector.   Joining the podcast to explain the federal government’s response and potential future intervention is Angela Vossmeyer, Assistant Professor of Economics at Claremont McKenna College and a Faculty Research Fellow at the National Bureau of Economic Research.  Dr. Vossmeyer’s research interests include econometrics, simulation-based inference, financial economics, financial crises, and economic history.

Gov. Financial Intervention in Response to Covid – Vossmeyer, Claremont McKenna

In the past few months millions of people have lost their jobs and we have seen the most rapid spike in unemployment in history.  This is not your typical unemployment event and the way the government reports the unemployment rate may not have caught up with the new economy. Welcome to Capital Markets Today.  I am producing a series of podcasts that demonstrate to 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.  Today I will focus on the unemployment rate that is being publish compared to the amount of people who are actually not working.

IMN NPL/RPL Series, Non-Profit NPL Opportunities, Morales, Hogar Hispano Inc.

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