Monthly Archives: January 2015

Loan Restructuring A Sign Of Hope In A Dismal Commercial Real Estate Industry Forecast

Posted on by

Clearwater, FL (Vocus) August 9, 2010

Although the U.S. economy appears to be showing preliminary signs of recovery with the stabilization of some large financial institutions, the commercial real estate market continues to be negatively affected by the ongoing decline of home prices, the high rate of commercial loan defaults and an unmoving high unemployment rate. Treasury Secretary Timothy Geithner recently darkened this scenario by warning that unemployment could continue to rise before subsiding.

Jeramie P. Concklin, CEO of Guardian Solutions, a commercial loan restructuring firm based in Florida had this to say, The rate of growth of delinquencies in commercial mortgage-backed securities (CMBS) real estate loans did show some slight signs of moderating in July, but despite that, we are still seeing very high numbers of new distressed commercial mortgages in need of restructuring every week as evidenced by CMBS delinquencies surpassing 60 billion dollars, an increase of 3.11 billion from just the month prior.

A bright spot in this gloomy scenario is surfacing due to the efforts of independent commercial loan restructuring firms such as Guardian Solutions. According to Trepp, a leading provider of CMBS and commercial mortgage data and analytics, a recent trend has emerged that is having a positive effect on CMBS loans due to the increase in loan modifications by lenders. Loan modifications through July of this year already have surpassed those for all of 2008 and 2009 combined. Loan modifications (have) accelerated dramatically in 2010, the Trepp report said. This puts downward pressure on the delinquency number, as troubled loans get resolved and move from the delinquency category.

Based on the successful commercial loan workout results weve been getting for our clients, I can see that the biggest mistake that property owners tend to make is to do delay addressing the issue at the first sign of trouble, or even worse, to try to deal with lenders or special servicers on their own. But that being said, commercial property owners should know that they can take steps to improve their situation by seeking professional help and guidance while the situation is still salvageable; the longer they wait to act, the more difficult their situation becomes, added Concklin.

Commercial property owners who are trying to keep their properties viable are seeking help from firms like Guardian Solutions that specialize exclusively in commercial loan modification. Currently, there are only a handful of specialized firms that hire highly qualified employees, such as accountants, MBAs and real estate professionals to deal specifically with the complexities involved in a restructuring a securitized commercial property.

Guardian Solutions helps commercial real estate owners in distress every day, said Concklin. We are saving all types of commercial properties facing default. But the sooner we get into negotiations, the more options we have available to help. A restructuring plan thats put in place early on usually contains the most favorable terms and achieves the best results. With the dismal forecasts we have for the economy and for the commercial real estate market, its the wise property owners who are taking a look at their assets and preparing now for the eventual market declines.

The technical and legal aspects involved with securing a commercial loan restructure prompts many property owners to ignore their position and grudgingly accept foreclosure rather than save their investment. This can result in more than just losing the property, it can severely damage the borrowers credit and even lead to personal bankruptcy.

About Guardian Solutions

Guardian Solutions is the one of nations largest commercial loan restructuring companies and is committed to helping commercial property owners save their properties. The companys knowledgeable mitigators are experienced in a variety of disciplines to provide customized restructuring solutions. For more information, visit http://www.GuardianSolutions.org

Contact:

Jamie Sene

Vice President, Marketing

Guardian Solutions

727-442-8833

http://www.GuardianSolutions.org

###







Related Securitization Press Releases

MBA Commercial Offers Short Sale Solutions for Distressed Commercial Properties to Avoid Foreclosure

Posted on by

San Diego, CA (PRWEB) August 11, 2010

MBA Commercial, one of San Diegos premiere commercial real estate brokers, has cash buyers available to relieve commercial real estate owners of unserviceable debt. Owners can save their credit by participating in a short sale versus a foreclosure. Lenders net approximately 15-20% more through a short sale than a foreclosure, providing them with incentive to satisfy a larger portion of debt.

According to MBA Commercial CEO Brian Yui, MBA Commercials access to ready buyers and ability to quickly and efficiently complete short sales on behalf of distressed property owners can significantly reduce damage to credit.

As MBA Commercial, Inc. predicted in late 2009, the wave of commercial foreclosures in San Diego is increasing. Researcher Real Capital Analytics Inc. reported that at the end of March 2010, San Diego County had 120 commercial loans in delinquent or default status, with a total value of $ 1.8 billion. According to Bloomberg L.P., in the first quarter of the year, 24.9% of San Diegos commercial mortgage backed securities loans were on watch lists as lenders anticipated near-term delinquencies. In response to this growing need, MBA Commercial has established a short sale unit comprising experienced negotiators and closers dedicated to assisting commercial property holders dispose of their non-performing assets.

The model is similar to residential short sales: For commercial owners carrying debt higher than the current value of their properties, MBA Commercial can provide a cash buyer for fair market value. MBA then negotiates with the lender to release the owners note for the value of the sale, even though the owner owes more than the property is worth. The owner of the building avoids foreclosure and the bank avoids the legal fees and carrying cost associated with a foreclosure. The lender ultimately nets more money and avoids the risk of taking title to the property.

In addition to short sales, MBA Commercial specializes in short payoffs. The company has bridge financing lenders who are able to loan the majority of loan payoff amounts. Bridge financing costs are generally two to five points with interest rates ranging from 12-15% depending upon securitization and assumption of risk. Much like choosing a short sale over foreclosure, short payoffs can save a commercial property owners credit as well reducing or eliminating personal guarantees.

MBA Commercial has long anticipated the downturn in San Diegos commercial property market and is now poised to assist owners in debt while generating profits for investors. Says Yui, These individuals become free of the debt they can no longer service and the properties are restored to profitability, benefiting the local economy. Its a win-win, something we dont often see in the current market.

MBA Commercial, Inc. is a leader in San Diego commercial real estate. MBA Commercial offers a turn-key solution for property management, leasing, sales and financing. Its new Short Sale Division provides bridge loans as well as short sale opportunities for commercial property owners. For further information, please call 888-248-6222.

###







Top Business School to Offer Symposium on Financial Regulation and Risk Management

Posted on by

Chicago, IL (PRWEB) September 7, 2010

Ph.D. students in business and economics from leading U.S. universities will gather at the University of Chicago Booth School of Business (http://www.ChicagoBooth.edu) September 9-12, 2010, for a conference intended to encourage more academic research on the causes and prevention of financial crises.

The Doctoral Symposium on Financial Regulation and Risk Management is sponsored by Deutsche Bank and features presentations and classroom discussions led by Chicago Booth finance faculty. Participants include Ph.D. students from Booth, Stanford, Princeton, Yale, Columbia and other leading business schools and university economics departments.

“There are many unanswered questions surrounding the recent financial crisis,” said Stacey Kole, deputy dean of Chicago Booth and organizer of the conference. “Our faculty is motivated to find the answers and to spark research from emerging researchers in finance,” said Kole, who also is a clinical professor of economics.

Hugo Banziger, chief risk officer and a member of the management board of Deutsche Bank, will speak at the conference in addition to seven Booth professors who specialize in banking and finance. Professor Raghuram Rajan will lead a session on illiquidity and interest rates, while Professor Douglas Diamond will discuss short-term debt and financial regulation.

Other Booth speakers at the event are Professor John Cochrane, who will present a skeptical appraisal of frictions in the financial crisis, Professor Anil Kashyap, who will discuss macroprudential regulation and Professor Christian Leuz, who will lead a session on economic consequences of securities regulation and enforcement. Professor Tobias Moskowitz will moderate a discussion of open research topics and Assistant Professor Amit Seru will present on securitization and the subprime crisis.

“The symposium is part of a multi-year academic partnership between Deutsche Bank and Chicago Booth,” said Malcolm D. Knight, Vice Chairman at Deutsche Bank. “The partnership is designed to support and expand education related to risk management and financial regulation.”

Conference sessions will take place at Chicago Booth’s Gleacher Center in downtown Chicago and at Harper Center on the school’s main campus. Deutsche Bank also sponsors a speaker series at Booth on risk and regulation in financial markets.

About Deutsche Bank

Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 81,929 employees in 72 countries, Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

http://www.db.com

About the University of Chicago Booth School of Business

The University of Chicago Booth School of Business is one of the leading business schools in the world. Chicago Booth’s faculty includes many renowned scholars and its graduates include many business leaders across the U.S. and worldwide. Booth offers a full-time M.B.A. program, an evening M.B.A. program, a weekend M.B.A. program and an executive M.B.A. program in Chicago, London and Singapore. The school also offers a Ph.D. program, open enrollment executive education, and custom corporate education.

http://www.ChicagoBooth.edu

Contact:Allan Friedman (773) 702-9232

allan.friedman(at)ChicagoBooth(dot)edu

###







Find More Securitization Press Releases

The Mortgage Industry Secret that Prevents You from Getting a Loan

Posted on by

Reno, NV (PRWEB) September 15, 2010

If your credit is good and youve tried to get a home loan, you may have found yourself in the perplexing position of being told you arent qualifiedeven if you are. Whats going on here? The answer is a secret problem in the mortgage-lending business called Repurchase Demands (loan buy-backs)and they are slowly strangling the industry. Thus, fewer loan products are available for the qualified borrower, says Scot Baker, a mortgage repurchase defense expert.

The problem started with the popping housing bubble in 2007. As the financial system collapsed, so did mortgage loans that had been securitized. This caused a systematic failure at Freddie Mac, Fannie and Ginnie Mae (the sources for FHA and VA loans). Congress demanded that these institutions become solvent after two major bailouts.

Today, Fannie Mae, Freddie Mac, and the Mortgage Insurance Companies are pushing back on loans up to 5 years old to the aggregators (Wells Fargo, Citigroup, Chase, Bank of America, etc.), who in turn are forcing buy-backs on the originators (Main Street mortgage companies). In the first quarter of 2010, these agencies forced lenders to repurchase $ 3.1 billion in mortgages, up 64% from one year earlier. Additionally, Ginnie Mae pushed back $ 15.5 billion in loans in the first quarter 2010 versus $ 4.9 billion in the year ago quarter. To further complicate things, the FDIC is pushing back on loans they inherited from seized banks, most notably Indy Mac.

The effect of loan buybacks is far-reaching and one of the major obstacles to a housing recovery. Repurchase demands have led to fewer lenders, an increase in loan loss reserves, increased overhead to handle the buyback demands, fewer choices for the consumer, and a lack of loan product availability for everyone, especially the self-employed. The overall effect on lenders is to tighten guidelines, a move to more time-consuming underwriting of each file, and a reluctance to take reasonable risks.

The result: You cant get a loan, even if youre qualified.

Most of the trouble with bad loans in the past centered around stated income loans above 80% loan-to-value, loose underwriting guidelines and pricing models that enticed lenders to place borrowers in loans not in the borrowers best interest, Mr. Baker says. However, my company, Pyramid Quality Assurance, sees a large percentage of buy-back demands on loans the originating lender underwrote to the program rules and guidelines in place at the time. Facts arising after the loan originationsuch as job loss, new debt, misreading of the credit reports or closing documentsare being asserted as reasons for pushback. We help Main Street mortgage companies defend against repurchase demands.

An optimistic view is that the mortgage industry will deal with this issue for at least 2 more years. Realistically, it is likely that the high level of pushback will continue for 3 to 5 years, Baker said.

About Scot Baker

Scot D. Baker is Sr. V.P. of Business Development at Pyramid Quality Assurance, a full-service loan analytics firm specializing in Repurchase Defense and Quality Assurance. Mr. Baker has over 20 years of mortgage banking experience. He can be reached at 877.706.5791 X 214 or sbaker.pyramidqa.com.

About Pyramid Quality Assurance.

Pyramid Quality Assurance, LLC http://www.pyramidqa.com/index.html is a full service analytics firm with extensive experience in mortgage industry Quality Assurance programs and Loan Repurchase Defense. Our senior staff have successfully defended Repurchase Defense cases, saving our clients millions of dollars. The company utilizes a comprehensive analytical approach providing easily understood solutions tailored to our clients needs. PQAs process allows our clients to increase efficiencies, leading to increased profits, improved cash flow and lowered loan loss reserves. Pyramid Quality Assurance works with small to large banking and mortgage banking institutions, home builders and investors across the U.S.A.

###







Find More Securitization Press Releases

The Mortgage Industry Secret that Prevents You from Getting a Loan

Posted on by

Reno, NV (PRWEB) September 15, 2010

If your credit is good and youve tried to get a home loan, you may have found yourself in the perplexing position of being told you arent qualifiedeven if you are. Whats going on here? The answer is a secret problem in the mortgage-lending business called Repurchase Demands (loan buy-backs)and they are slowly strangling the industry. Thus, fewer loan products are available for the qualified borrower, says Scot Baker, a mortgage repurchase defense expert.

The problem started with the popping housing bubble in 2007. As the financial system collapsed, so did mortgage loans that had been securitized. This caused a systematic failure at Freddie Mac, Fannie and Ginnie Mae (the sources for FHA and VA loans). Congress demanded that these institutions become solvent after two major bailouts.

Today, Fannie Mae, Freddie Mac, and the Mortgage Insurance Companies are pushing back on loans up to 5 years old to the aggregators (Wells Fargo, Citigroup, Chase, Bank of America, etc.), who in turn are forcing buy-backs on the originators (Main Street mortgage companies). In the first quarter of 2010, these agencies forced lenders to repurchase $ 3.1 billion in mortgages, up 64% from one year earlier. Additionally, Ginnie Mae pushed back $ 15.5 billion in loans in the first quarter 2010 versus $ 4.9 billion in the year ago quarter. To further complicate things, the FDIC is pushing back on loans they inherited from seized banks, most notably Indy Mac.

The effect of loan buybacks is far-reaching and one of the major obstacles to a housing recovery. Repurchase demands have led to fewer lenders, an increase in loan loss reserves, increased overhead to handle the buyback demands, fewer choices for the consumer, and a lack of loan product availability for everyone, especially the self-employed. The overall effect on lenders is to tighten guidelines, a move to more time-consuming underwriting of each file, and a reluctance to take reasonable risks.

The result: You cant get a loan, even if youre qualified.

Most of the trouble with bad loans in the past centered around stated income loans above 80% loan-to-value, loose underwriting guidelines and pricing models that enticed lenders to place borrowers in loans not in the borrowers best interest, Mr. Baker says. However, my company, Pyramid Quality Assurance, sees a large percentage of buy-back demands on loans the originating lender underwrote to the program rules and guidelines in place at the time. Facts arising after the loan originationsuch as job loss, new debt, misreading of the credit reports or closing documentsare being asserted as reasons for pushback. We help Main Street mortgage companies defend against repurchase demands.

An optimistic view is that the mortgage industry will deal with this issue for at least 2 more years. Realistically, it is likely that the high level of pushback will continue for 3 to 5 years, Baker said.

About Scot Baker

Scot D. Baker is Sr. V.P. of Business Development at Pyramid Quality Assurance, a full-service loan analytics firm specializing in Repurchase Defense and Quality Assurance. Mr. Baker has over 20 years of mortgage banking experience. He can be reached at 877.706.5791 X 214 or sbaker.pyramidqa.com.

About Pyramid Quality Assurance.

Pyramid Quality Assurance, LLC http://www.pyramidqa.com/index.html is a full service analytics firm with extensive experience in mortgage industry Quality Assurance programs and Loan Repurchase Defense. Our senior staff have successfully defended Repurchase Defense cases, saving our clients millions of dollars. The company utilizes a comprehensive analytical approach providing easily understood solutions tailored to our clients needs. PQAs process allows our clients to increase efficiencies, leading to increased profits, improved cash flow and lowered loan loss reserves. Pyramid Quality Assurance works with small to large banking and mortgage banking institutions, home builders and investors across the U.S.A.

###







The Mortgage Industry Secret that Prevents You from Getting a Loan

Posted on by

Reno, NV (PRWEB) September 15, 2010

If your credit is good and youve tried to get a home loan, you may have found yourself in the perplexing position of being told you arent qualifiedeven if you are. Whats going on here? The answer is a secret problem in the mortgage-lending business called Repurchase Demands (loan buy-backs)and they are slowly strangling the industry. Thus, fewer loan products are available for the qualified borrower, says Scot Baker, a mortgage repurchase defense expert.

The problem started with the popping housing bubble in 2007. As the financial system collapsed, so did mortgage loans that had been securitized. This caused a systematic failure at Freddie Mac, Fannie and Ginnie Mae (the sources for FHA and VA loans). Congress demanded that these institutions become solvent after two major bailouts.

Today, Fannie Mae, Freddie Mac, and the Mortgage Insurance Companies are pushing back on loans up to 5 years old to the aggregators (Wells Fargo, Citigroup, Chase, Bank of America, etc.), who in turn are forcing buy-backs on the originators (Main Street mortgage companies). In the first quarter of 2010, these agencies forced lenders to repurchase $ 3.1 billion in mortgages, up 64% from one year earlier. Additionally, Ginnie Mae pushed back $ 15.5 billion in loans in the first quarter 2010 versus $ 4.9 billion in the year ago quarter. To further complicate things, the FDIC is pushing back on loans they inherited from seized banks, most notably Indy Mac.

The effect of loan buybacks is far-reaching and one of the major obstacles to a housing recovery. Repurchase demands have led to fewer lenders, an increase in loan loss reserves, increased overhead to handle the buyback demands, fewer choices for the consumer, and a lack of loan product availability for everyone, especially the self-employed. The overall effect on lenders is to tighten guidelines, a move to more time-consuming underwriting of each file, and a reluctance to take reasonable risks.

The result: You cant get a loan, even if youre qualified.

Most of the trouble with bad loans in the past centered around stated income loans above 80% loan-to-value, loose underwriting guidelines and pricing models that enticed lenders to place borrowers in loans not in the borrowers best interest, Mr. Baker says. However, my company, Pyramid Quality Assurance, sees a large percentage of buy-back demands on loans the originating lender underwrote to the program rules and guidelines in place at the time. Facts arising after the loan originationsuch as job loss, new debt, misreading of the credit reports or closing documentsare being asserted as reasons for pushback. We help Main Street mortgage companies defend against repurchase demands.

An optimistic view is that the mortgage industry will deal with this issue for at least 2 more years. Realistically, it is likely that the high level of pushback will continue for 3 to 5 years, Baker said.

About Scot Baker

Scot D. Baker is Sr. V.P. of Business Development at Pyramid Quality Assurance, a full-service loan analytics firm specializing in Repurchase Defense and Quality Assurance. Mr. Baker has over 20 years of mortgage banking experience. He can be reached at 877.706.5791 X 214 or sbaker.pyramidqa.com.

About Pyramid Quality Assurance.

Pyramid Quality Assurance, LLC http://www.pyramidqa.com/index.html is a full service analytics firm with extensive experience in mortgage industry Quality Assurance programs and Loan Repurchase Defense. Our senior staff have successfully defended Repurchase Defense cases, saving our clients millions of dollars. The company utilizes a comprehensive analytical approach providing easily understood solutions tailored to our clients needs. PQAs process allows our clients to increase efficiencies, leading to increased profits, improved cash flow and lowered loan loss reserves. Pyramid Quality Assurance works with small to large banking and mortgage banking institutions, home builders and investors across the U.S.A.

###







Find More Securitization Press Releases

The Mortgage Industry Secret that Prevents You from Getting a Loan

Posted on by

Reno, NV (PRWEB) September 15, 2010

If your credit is good and youve tried to get a home loan, you may have found yourself in the perplexing position of being told you arent qualifiedeven if you are. Whats going on here? The answer is a secret problem in the mortgage-lending business called Repurchase Demands (loan buy-backs)and they are slowly strangling the industry. Thus, fewer loan products are available for the qualified borrower, says Scot Baker, a mortgage repurchase defense expert.

The problem started with the popping housing bubble in 2007. As the financial system collapsed, so did mortgage loans that had been securitized. This caused a systematic failure at Freddie Mac, Fannie and Ginnie Mae (the sources for FHA and VA loans). Congress demanded that these institutions become solvent after two major bailouts.

Today, Fannie Mae, Freddie Mac, and the Mortgage Insurance Companies are pushing back on loans up to 5 years old to the aggregators (Wells Fargo, Citigroup, Chase, Bank of America, etc.), who in turn are forcing buy-backs on the originators (Main Street mortgage companies). In the first quarter of 2010, these agencies forced lenders to repurchase $ 3.1 billion in mortgages, up 64% from one year earlier. Additionally, Ginnie Mae pushed back $ 15.5 billion in loans in the first quarter 2010 versus $ 4.9 billion in the year ago quarter. To further complicate things, the FDIC is pushing back on loans they inherited from seized banks, most notably Indy Mac.

The effect of loan buybacks is far-reaching and one of the major obstacles to a housing recovery. Repurchase demands have led to fewer lenders, an increase in loan loss reserves, increased overhead to handle the buyback demands, fewer choices for the consumer, and a lack of loan product availability for everyone, especially the self-employed. The overall effect on lenders is to tighten guidelines, a move to more time-consuming underwriting of each file, and a reluctance to take reasonable risks.

The result: You cant get a loan, even if youre qualified.

Most of the trouble with bad loans in the past centered around stated income loans above 80% loan-to-value, loose underwriting guidelines and pricing models that enticed lenders to place borrowers in loans not in the borrowers best interest, Mr. Baker says. However, my company, Pyramid Quality Assurance, sees a large percentage of buy-back demands on loans the originating lender underwrote to the program rules and guidelines in place at the time. Facts arising after the loan originationsuch as job loss, new debt, misreading of the credit reports or closing documentsare being asserted as reasons for pushback. We help Main Street mortgage companies defend against repurchase demands.

An optimistic view is that the mortgage industry will deal with this issue for at least 2 more years. Realistically, it is likely that the high level of pushback will continue for 3 to 5 years, Baker said.

About Scot Baker

Scot D. Baker is Sr. V.P. of Business Development at Pyramid Quality Assurance, a full-service loan analytics firm specializing in Repurchase Defense and Quality Assurance. Mr. Baker has over 20 years of mortgage banking experience. He can be reached at 877.706.5791 X 214 or sbaker.pyramidqa.com.

About Pyramid Quality Assurance.

Pyramid Quality Assurance, LLC http://www.pyramidqa.com/index.html is a full service analytics firm with extensive experience in mortgage industry Quality Assurance programs and Loan Repurchase Defense. Our senior staff have successfully defended Repurchase Defense cases, saving our clients millions of dollars. The company utilizes a comprehensive analytical approach providing easily understood solutions tailored to our clients needs. PQAs process allows our clients to increase efficiencies, leading to increased profits, improved cash flow and lowered loan loss reserves. Pyramid Quality Assurance works with small to large banking and mortgage banking institutions, home builders and investors across the U.S.A.

###







Find More Securitization Press Releases

DNA Results of the Former Dictator’s Body Expected to Crack Open a Long-Held Secret, Says Dr. Aura Imbarus, Author of the Just Released Out of the Transylvania Night

Posted on by

Los Angeles, CA (PRWEB) October 3, 2010

Such is the historical sweep and intimate detail in this Pulitzer-Prize entry: In Out of the Transylvania Night, Dr. Aura Imbarus vividly details Christmas Day 1989, when she, her parents and hundreds of shoppers drew sudden sniper fire as Romania descended into the violence of a revolution that challenged one of the most draconian regimes in the Soviet bloc. Aura recalls a grisly execution that rocked the world and led to five harrowing days of bloody chaos as she and her family struggled to survive. The next day, Communist-controlled television released photos showing that Dictator Nicolae Ceausescu and his wife had been assassinated–though many Romanians, the author included, believed the executions had been staged since Ceausescu was known for using five stand-ins to pose for him.

Nevertheless, Aura tries to convince herself that life post-revolution will be different, but little changes. On May 7, 1997, with two pieces of luggage and a powerful dream, Aura and her new husband flee to America. Through sacrifice and hard work, the couple acquires a home, cars, and travel–but trying to be American is much more complicated than they expect. More difficulties set in: the stock market crash takes their savings, house, and cars; thieves steal three centuries’ worth of heirloom jewels; and Aura’s beloved mother dies.

Aura’s marriage crumbles under the stress. Devastated, she asks herself, “How much of one’s life is owed to others?” and “Is it possible to straddle two cultures and not lose one’s identity?” Tested even further by the vagaries of fate, Aura realizes that to resurrect herself, she must reconstruct her life. She becomes involved with the Romanian-American Professionals Network (RAPN), whose mission is to help Romanian immigrants adjust to American life without sacrificing their heritage. Aura discovers a startling truth about striking a balance between one’s dreams and the sacrifices and compromises that allow for serenity, selfhood, and a sense of “home.” With this new depth of insight, her life begins to resurrect. She reunites with Michael, and establishes herself as an award-wining educator and a leader in RAPN. From the days in Romania when she would stand outside Olympic champion Nadia Comaneci’s fence trying to get a glimpse of this international superstar, she is now asked to help Nadia–who herself is now a “Romanian-American”–raise funds for her children’s clinic in Bucharest. Aura now sees her life from a more worldly perspective.

“I had to reclaim where I came from,” she explains. “I had been so set on blocking out my past and conquering the American dream that I lost sight of me and all that I’d worked for. In reconnecting with my community, I’m energized again, and focused on what is real and lasting in life.”

About Aura Imabrus

Aura Imbarus, PhD, is a former popular journalist in Europe, university professor, speaker, and award-winning educator. She is co-founder and ambassador of the Romanian-American Professional Network (RAPN) and the president of its Los Angeles chapter. She is also president of EuroCircle’s Los Angeles chapter.

Born in Sibiu, Romania, she earned her PhD in Romance Languages-Philology under the tutelage of Professor Dumitru Cicio-Pop, PhD, who writes the Foreword for her book. (Dr. Ciocoi-Pop is the former president of Lucian Blaga University. A popular activist for human rights, he was imprisoned for two years for speaking out against the Communist regime.) Aura is currently an educator in the Los Angeles school system and a professor in the California College system. She lives in Los Angeles. For more information visit: http://www.AuraImbarus.com /

About Out of the Transylvania Night

Bettie Youngs Books

Released September 29, 2010

302 pages/ $ 14.95/ ISBN: 978-0-9843081-2-5

http://www.BettieYoungsBooks.com

About Bettie Youngs Books

Bettie Youngs Books Publishers specializes in memoirsbooks that celebrate fascinating people and remarkable journeys.

# # #







Mount Vernon, New York, Author Publishes New Book

Posted on by


Mount Vernon, NY (Vocus) October 5, 2010

Fundamentals of European Union Direct Tax, a new book by Dr. Felix Lessambo, has been released by RoseDog Books.

Dr. Felix Lessambo is an adjunct associate professor at St. Johns University (The Peter J. Tobin School of Business), where he teaches International Taxation, Individual Tax Planning, and Financial Reporting: Evaluation and Analysis. He also teaches International Finance, Financial Markets & Institutions, and Corporate of Mergers & Acquisitions at the King Graduate School of Business (Monroe College). Prior to his St. Johns appointment, Dr. Lessambo taught International Tax, European Union Tax, and Corporate Tax at the University of Kinshasa (DRC).

He specializes in the taxation of international transactions, transfer pricing, E.U. laws, and international finance. He is the author of Taxation of International Business Transactions and several leading articles in international tax law reviews. It is particularly in this area of E.U. direct taxation regime that Dr. Lessambo has been the most challenging. He foresaw what others were not willing to see, to hear, or to acknowledge.

Dr. Lessambo is the first scholar to argue against the incompatibility of the French Controlled Foreign Corporation (CFC), the French transfer pricing provision (Article 57), the French thin-capitalization rules (Article 212), the French taxation regime of artists (Article 155A), and the Luxembourg Securitization Law, with respect to both the E.U. laws and the OECD treaty.

Ten years earlier, in 1999, ahead of his time, Dr. Lessambo came out, for the first time, according to Professor Bernard Castagnede, with the opinion that the sole way to crack down the use of preferred tax regimes is to broaden the scope of the exchange of information among tax and financial authorities. The G-20 Summit in London has adopted the opinion in the midst of the world financial crisis (2009).

He lectured with the European American Tax Institute (EATI) and other business organizations.

He lives in New York and serves on the boards of various Christian organizations.

Fundamentals of European Union Direct Tax is a 232-page paperback with a retail price of $ 21.00. The ISBN is 978-1-4349-9951-1. It was published by RoseDog Books of Pittsburgh, Pennsylvania. For more information or to request a review copy, please visit our virtual pressroom at http://www.rosedog.com/pressroom or our online bookstore at http://www.rosedogbookstore.com.

###







Find More Securitization Press Releases