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Altos Research and 1010data Partner to Deliver Real-time Real Estate Data to the Financial Community

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Orlando, FL (PRWEB) February 8, 2011

Altos Research, the premier provider of real-time real estate data, announced at the American Securitization Forum 2011 the availability of their market analytics data via the industry leading 1010data platform. Launched in 2006, Altos Research tracks the leading indicators for residential mortgage-backed securities (RMBS) default risk, loan-to-value (LTV) adjustments, and forecasting asset valuations on over 20,000 zip codes across the U.S., offering analytics and forward valuation models that are updated weekly with three, six, and 12-month forecasting horizons.

We monitor the real estate market in real-time and this lets us offer the most accurate market forecasting available, said Scott Sambucci, vice president of sales and analytics, Altos Research. By making our data available on the powerful 1010data platform, we will be able to reach more customers via their hosted service.

With decades of Wall Street experience, 1010data understands the data management and analytical needs of financial services institutions, and knows how to provide solutions that make it easy to manage and analyze large volumes of data for a business-critical advantage. The company combines the power of a high-performance back-end database with a Web-based, front-end user interface, empowering financial institutions with the tools they need to analyze, manage and present data. Optionally delivered as a service, the solution is implemented quickly so that companies experience high speed-to-value and very rapid ROI.

“The unique Altos Research data perfectly complements our list of hosted MBS datasets,” said Greg Munves, executive vice president, 1010data. “Access to real-time data is of growing importance to our customers, and allows them to do more timely analysis.”

Altos Research data is now available via the 1010data platform, for more information please visit 1010data.

ASF 2011

Altos is participating in the American Securitization Forum 2011 at the Orlando World Center Marriott February 6 9th. The company is providing demonstrations of the AltosEvaluate FVM at booth #108. To schedule a demonstration, please contact Scott Sambucci at 888.819.7775.

About Altos Research

Altos Research is the premier provider of real-time real estate information. As the only national source of primary research in the active housing market, Altos Research produces unique statistics, leading indicators, and web applications used for analysis. Altos watches the active housing market, about two million properties each week, in 20,000 zip codes, and calculates price changes, supply and demand statistics and market psychology statistics for local market understanding. Altos clients are anyone with exposure to real estate; financial institutions, investors, and thousands of real estate professionals around the country. For more information visit http://www.AltosResearch.com

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Peninsula Financial Advisor Larry Krause Explains How Financial Reform Affects the Average American

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San Bruno, CA (Vocus/PRWEB) February 09, 2011

The financial crisis of 2008, the worst shock to the global financial system since the Great Depression, pushed lawmakers to enact sweeping reforms in an attempt to prevent such a devastating disruption to the economy from happening again. The Dodd-Frank Wall Street Reform and Consumer Protection Act, passed by congress in July 2010, has far-reaching regulatory changes that will be felt not only banks and Wall Street, but also average Americans. Larry Krause, a Peninsula financial advice expert and president of Tessara Financial Advisors, Inc., explains some of the ways the new legislation aimed at lenders, banks and ratings agencies affect the average person.

The Dodd-Frank Act changes rules governing credit and lending practices of mortgage lenders in order to better protect borrowers from predatory lending. Lenders are now required to verify that borrowers can reasonably be expected to be able to repay the entire loan amount, including taxes and fees. While these rules may limit the size of the mortgage you qualify for, theyre intended to prevent you from being steered into a loan thats not suitable for you, says Bay Area money manager Larry Krause. Lenders now cannot refinance existing mortgages unless doing so would benefit the borrower. The Dodd-Frank Act also limits balloon payments and prepayment penalties.

One major provision of the Dodd-Frank Act that affects average citizens is the creation of the Bureau of Consumer Financial Protection, a federal regulatory agency that oversees consumer financial products and services. In addition to regulating consumer products such as mortgages and student loans, the Bureau tracks complaints, ensures equal opportunity to credit, and promotes financial literacy among consumers.

Changes to banking rules and regulations will also be felt by consumers. The temporary increase in the Federal Deposit Insurance Corporation (FDIC) guarantee on bank deposits to $ 250,000 is now permanent. This increase in protection means that if you and your spouse each have separate deposit accounts as well as a single joint account at a single bank, the two of you could qualify for as much as $ 1 million worth of total FDIC protection for those accounts, according to Krause.

Banks are also now required to hold larger amounts in reserve, and retain at least a 5% stake in any potentially risky securitized loans they make. They face new limits on proprietary trading and derivative swaps. These measures aim to prevent future bank bailouts that come at the expense of taxpayers.

Lack of transparency from credit rating agencies is often cited as one of the causes of the financial crisis. The Dodd-Frank Act addresses this in several ways: Free access to credit scores is now available for those whose credit score led to them being turned down for a credit card, house or job.

Credit ratings agencies are also now be subject to Securities and Exchange Commission (SEC) oversight, and can face fines for faulty ratings. The new Office of the Investor Advocate within the SEC was created to help individual investors with resolutions to problems. This gives investors greater confidence in their investments, as does the provision that allows investors to sue the ratings agencies for issuing knowingly flawed ratings.

The expansive Dodd-Frank Act covers many other areas, from SEC registration of hedge funds to whistleblower protection and incentives to guidelines for orderly liquidation in the event of bank failure. Not all provisions of the Dodd-Frank Act will be implemented or felt by average consumers right away. Thats why its important to have someone help you monitor those regulations as they evolve and evaluate just how they might affect you, says Krause. Dont hesitate to seek expert advice.

For more information about the new financial reform legislation, or any other services from Tessara Financial Advisors, call (800) 331-5843 or visit their website at http://www.tessaraadvisors.com.

About Tessara Financial Advisors, Inc.

Tessara Financial Advisors, Inc. is a Registered Bay Area Investment Advice firm that specializes in providing the entire spectrum of wealth management services, including financial planning, retirement planning, life and long-term care insurance analysis, tax planning, estate planning, charitable giving, asset protection planning and forming strategic alliances. Their goal is to build long term relationships with clients and their advisors that are mutually beneficial and built on the highest level of integrity, trust and service.

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Chinese Drywall Complaint Center Declares War On Banks Dumping Florida & Gulf State Toxic Chinese Drywall Foreclosures On Wall Street–Time’s Up

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(Vocus/PRWEB) February 17, 2011

The Chinese Drywall Complaint Center is now formally accusing major US banks and major federal mortgage entities of reselling their toxic Chinese drywall foreclosures to unsuspecting new home buyers, and then securitizing the mortgage and selling it to Wall Street investors and/or pension funds, all with no disclosure. The group says, “note to US pension funds and Wall Street: we suspect you are already a major victim of major US banks or government owned mortgage operations selling you a securitized toxic Chinese drywall mortgage from Florida, Alabama, Mississippi, Louisiana, Virginia and Southeast Texas, and here’s the problem—as soon as the new buyer finds out the home contains toxic Chinese drywall, it’s a foreclosure all over again–your asset is worth zero.” They say, “and what happened to any accountability from whoever is bundling these toxic mortgages, giving them a triple A rating, and passing them off to an unsuspecting investor or pension fund? After the 2008 US mortgage-economic meltdown we are not just going to sit and wait for President Obama or his administration to say or do something anymore. Time’s up.” http://ChineseDrywallComplaintCenter.Com

The Chinese Drywall Complaint Center says, “the imported Chinese drywall disaster actually gets worse, for Wall Street. We think within a month or two we will be able to prove that publicly traded homebuilders or their mortgage entities knew about the toxic Chinese drywall disaster as far back as 2005, and most forgot to say anything to the innocent consumer, Wall Street, or the pension funds, that really were all on the receiving end of a toxic mortgage.” They say, “further, while the US Centers for Disease Control passed last week on any sort of formal testing of the long term exposure health issues related to toxic Chinese drywall, we are saying if gasses being emitted in these toxic Chinese drywall homes are corrosive enough to eat through a copper air conditioning coil or turn electrical wires black, it can’t be very good for someone’s health.” They say, “we are tired of getting the consumer calls every day and not being able to actually help them. We are super tired of federal agencies like the Justice Department, the US EPA, and the US Consumer Products Safety Commission miserably failing US citizens and taxpayers. We still can’t figure out why President Obama has failed to mention this disaster one time in public—-but we can’t wait anymore. Time’s up.” http://ChineseDrywallComplaintCenter.Com

The Chinese Drywall Complaint Center says, “in scope we think the toxic Chinese drywall disaster involves more homes than were involved in Hurricane Katrina, Rita, Ike, and Ivan combined. We think there are toxic Chinese drywall homes in all 50 US states, and if anyone really wants to take a good look at what toxic Chinese drywall does to a home, visit our web site—this is everyone’s problem.” http://ChineseDrywallComplaintCenter.Com

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Where is it All Going? Fannie & Freddie, Mortgage Markets and Private Mortgage Securitization Webinar

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Washington, DC (PRWEB) February 18, 2011

Discussion with Chris Russell, Senior Policy Advisor to the House Financial Services Subcommittee on Capital Markets and GSEs.

Date: Tuesday, February 22, 2011

Time: 11:00 AM – 12:00 PM EST

Space is limited.

Reserve your Webinar seat now at:

https://www3.gotomeeting.com/register/593341790

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Mary Lou Christy Promoted to Managing Director of The Collingwood Group

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Washington, D.C. (PRWEB) February 23, 2011

The Collingwood Group today announced the promotion of Mary Lou Christy from Senior Vice President to Managing Director of the organization. An industry veteran, Mary Lou will launch a new Investor Relations practice for The Collingwood Group. In addition, she will provide support to the firms growing hedge fund/private equity advisory business, furthering its relationships with hedge funds and private equity sponsors that have made significant investments in real estate related assets, including whole loan portfolios, mortgage back securities and critical vendors necessary to diligence, value and service real estate related assets, as well as identifying opportunities for the firm to make principal investments.

The Collingwood Groups new Investor Relations practice comes at a critical time, particularly in light of the existing financial crisis which has exposed gaps in the ability of public firms to address their obligations to communicate with their investors, said Joe Murin, the firms Chairman and former President of Ginnie Mae. We also recognize that these principals apply to many private firms, as well — predominantly those that seek to expand their activities into the federal sector and need assistance in communicating their value proposition to the community of economic buyers in the Washington, DC area. Sending out accurate and proper messages is vitally important to any business that seeks to be successful in this arena.

Mary Lou has extensive corporate experience leading Investor Relations and Marketing for several large cap financial companies. Prior to joining Collingwood in September 2010, Mary Lou held several executive-level positions at Fannie Mae, including Senior Vice President of Investor Relations, Vice President of MBS trading desk, and VP of Sales and Marketing in the Southwestern Region. Earlier in her career, Mary Lou was a Regional Director at PMI Mortgage Insurance Company.

Mary Lou’s specific areas of expertise include advising clients on ways to develop new business, expanding equity and debt ownership, creating transparent market disclosures, building high-performance marketing teams, and assisting executives on ways to communicate during financial, regulatory, and/or economic crises. She has an MBA in Business Management from University of Dallas and completed her undergraduate work at Villanova University.

Mary Lou has done a phenomenal job as Senior Vice President of The Collingwood Group, and we are delighted to appoint her as Managing Director to launch and oversee the companys new Investor Relations practice, and to continue to support the firms growing hedge fund/private equity advisory business, said Brian OReilly, President and Managing Director of The Collingwood Group. Her experience has been and will continue to be an invaluable asset to the organization which will further help our clients build their businesses, drive growth, and accelerate value creation.

The Collingwood Group (http://www.collingwoodllc.com) is a Washington, DC-based advisory firm focused on growing clients businesses, promoting revenue growth and increasing investment returns. The firm is led by Joe Murin, former President and CEO of Ginnie Mae, and Brian Montgomery, former Assistant Secretary for Housing and Federal Housing Commissioner. Both played major roles in the federal governments efforts to address the nations financial crisis and restore stability and liquidity to financial markets. The firms expertise spans all aspects of Agency, non-Agency and FHA/VA housing financing programs; Ginnie Mae securitization activities; domestic and international secondary market activities and issues; primary and special servicing; full asset lifecycle vendor and talent management; and all elements of portfolio acquisition, property management and asset disposition.

Contact:

Debbie Kaufmann The Collingwood Group

dkaufmann(at)collingwoodllc(dot)com

Phone – 202.626.9724

Mobile 301.252.3582

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KBR Capital Partners Announces Strategic Expansion As Daniel Oschin Joins Executive Leadership

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New York, NY (Vocus/PRWEB) February 24, 2011

New York and Palo Alto based KBR Capital Partners, an innovative alternative investments company, has implemented the next phase of its multi-dimensional tactical plan that is methodically designed to take advantage of anomalous opportunities which result from paradigm shifts in the investment landscape. With the addition of Daniel Oschin as Managing Director, KBR has added one of the industry’s most respected, progressive and knowledgeable leaders to its team. Mr. Oschin, a veteran of the securities and commercial real estate industries, will develop new programs and strategies designed to enhance and expand the company’s capital formation platforms and channels, while cultivating pioneering models that will diversify and augment KBRs brand and enterprise.

Mr. Oschin has led a prestigious multifaceted career that includes experience and ownership in development, acquisition, property and asset management, redevelopment, divestment and syndication of more than $ 500 million in commercial property investments. As a leader in the securitized real estate market, he has been instrumental in the development, release, marketing and distribution of more than 100 direct investment offerings, and has also been responsible for equity procurement resulting in more than $ 2 billion in securitized real estate investments. As President-Elect of the Real Estate Investment Securities Association (REISA), a national alternative investments capital formation organization representing more than 18,000 constituents, Mr. Oschin is on the forefront of issues and developments in the securities and real estate arenas.

KBR vision and philosophy is based on a collaborative model that leverages the strengths of its principals, team members and best-in-class partners to bring what we believe are high quality and equitably structured alternative investments to our investors. KBR has co-invested in each of our programs and kept its offering costs as low as possible. We endeavour to maintain alignment of interests with our investors and to be incentivized based on the success of our programs, said Vinay Kumar, Managing Partner of KBR Capital Partners. As we enter the rapid growth stage of our business, we need strong leadership that has the demonstrated aptitude to develop a dynamic strategy, assemble a highly effective team, execute efficiently, and produce exceptional results for our investors and company. We believe that Daniel brings these qualities and much more to KBR.

The landscape of alternative investments and the overall markets are shifting into a new paradigm. As part of that change, the industry is demanding product providers that are financially secure, forward thinking, multi-dimensional, and sensitive to the needs of the marketplace, while providing support, education, and transparency. This is a challenging combination of qualifications to find in one company. KBR brings together and offers these attributes with a methodology that is rare”, commented Mr. Oschin. “I was fortunate to be introduced to KBR early in their development and I am excited to be a part of this remarkable team. I believe their vision will help to change the industry for the better and will provide investors with unique and worthwhile opportunities.”

Mr. Oschin was honored with the ACE Award (A Champion of Excellence) in 2009, presented by the Real Estate Investment Securities Association (REISA) for outstanding leadership and service to the association and the real estate securities industry. He is currently President-Elect of the REISA Board of Directors.

About KBR Capital Partners

KBR Capital Partners is an innovative national private equity firm and provider of alternative investments specializing in delivering quality investment opportunities to accredited individuals and institutional investors. KBR’s programs feature opportuni

Brookstone Law, PC: Obama Administrations Mortgage Deal Could Exclude Borrowers from Future Action Against Banks

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Newport Beach, CA (Vocus/PRWEB) March 02, 2011

Recent media reports that the Obama administration is trying to reach an agreement with banks over mortgage-servicing breakdowns highlights the need for homeowners facing foreclosure to have legal counsel prior to any settlement, according to Vito Torchia, Jr. managing attorney of Brookstone Law.

According to media reports, the Administration’s proposed settlement would require banks and loan servicers to bear the cost of write downs but gives banks the freedom to determine what those modifications will be. Those servicers would include mortgage-finance giants Fannie Mae and Freddie Mac, as well as investors in loans that were securitized by Wall Street firms. Settlement terms remain in development and regulators are looking at up to 14 servicers that could be a party to the settlement.

Brookstone Law, PC, has filed a mass joinder lawsuit against Bank of America, potentially the most significant and precedent setting legal action taken against lenders as a result of the national foreclosure crisis. The lawsuit alleges Bank of America (BOA) and its subsidiary Countrywide Financial Corporation (Countrywide) perpetrated a massive fraud, also constituting unfair competition upon borrowers that devastated the values of their residences, resulting in the loss of net worth, and that BOA and Countrywide intended to deprive numerous rights and remedies for the problems they caused the borrowers. The case is Wright et al. v. Bank of America, N.A. et al., case no.30-2011-00449059-CU-MT-CXC filed in Orange County Superior Court.

Now that the U.S. Government is discussing settlements that will defuse lawsuits against the banks that specifically challenge aspects of mortgage securitization, the broken chain of title or MERS, principal reduction is the most important aspect of any settlement, said Vito Torchia, Jr. Until banks and servicers fully embrace principal reductions, the thousands of homeowners who are underwater will continue to struggle and that will keep the housing market and our economy down for years.

According to media reports in the Wall Street Journal, Federal agencies have been scrutinizing the nation’s largest banks over breakdowns in foreclosure procedures that erupted last fall and last week, the Office of the Comptroller of the Currency raised concerns over inadequate staffing and weak controls over foreclosure processes. In 2008, BOA settled claims worth more than $ 8.6 billion for loans allegedly involving predatory lending practices committed by Countrywide, which it acquired that year.

Any settlement could be among the largest ever against the mortgage industry especially since some are pushing for banks to pay billions or fund a comparable amount of loan workouts, said Vito Torchia, Jr. If a single settlement cannot be reached, it is likely different federal agencies will still seek smaller penalties through regular enforcement channels, so banks could face the prospect of lawsuits from state attorneys general, which means homeowners need for expert legal counsel will be just as great after any settlement as it is now.

ABOUT BROOKSTONE LAW, PC

Headquartered in Newport Beach, Calif., and with offices in Los Angeles, Calif., and Ft. Lauderdale, Fla., Brookstone Law, PC is a law firm comprised of attorneys with experience and success in business, corporate and personal finance, employment, entertainment and media, art and museum, intellectual property and real estate law. The firm has a network of more than 40 affiliate attorneys nationwide and employs highly trained specialists, paralegals, paraprofessionals and administrative staff dedicated to serving clients. For information, call (800) 946-8655 or visit Brookstone-Law.com (http://www.brookstone-law.com).

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Chinese Drywall Complaint Center Endorses National Construction Warranty Program For Investors & Takes On Florida Banks & Flippers Dumping Chinese Drywall Foreclosures

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(Vocus/PRWEB) March 07, 2011

The Chinese Drywall Complaint Center warning all US banks about dumping toxic Chinese drywall foreclosures on unsuspecting new buyers, with the only disclosure being-As Is. They say, “We can prove major US banks are dumping toxic Chinese drywall foreclosures on unsuspecting new buyers, with the only disclosure being-As Is. The same bank then turns around and puts a new mortgage on the house, with no disclosure to the pension fund, or investor, that buys the securitized mortgage. We call that securities fraud, and we are demanding a criminal SEC securities fraud probe.” The group is also warning all home buyers in Florida, Alabama, Mississippi, Louisiana, and or Southeast Texas to not buy any home, condo, or town home without having the property thoroughly tested for toxic Chinese drywall. They say, “Because of hurricanes Katrina, Ike, Rita, and Ivan, we have to include storm damaged homes in all US Gulf States, so our time frames for new homes, subdivisions, or condos from 2000 to 2008 just went out the window-translation it could be in any hurricane damaged home.” The Chinese Drywall Complaint Center says, “Just because there is no federal leadership from the Obama Administration, from the US EPA, the CDC, or the absolutely pathetic US Consumer Products Safety Commission, it should not mean it is open season for Florida real estate flippers to dump an un-repaired toxic Chinese drywall home foreclosure-with no disclosure, on a completely innocent consumer, or family. Why even have an Attorney General in Florida, or Alabama, Mississippi, Louisiana, and or Southeast Texas?” http://ChineseDrywallComplaintCenter.Com

The Chinese Drywall Complaint Center says, “We have no issue with honest investors buying toxic Chinese drywall foreclosures in Florida, or the US Gulf States, as long as they buy the warranty products of the National Construction Warranty Program, and they hire a very ethical contractor, who will strictly adhere to the National Construction Warranty Program’s remediation protocol.” The group is saying, “investors involved with these flippers in Florida, and other US Gulf States, who are doing no actual repairs to these toxic Chinese drywall home foreclosures are out of their minds-just wait until the health related exposure to toxic Chinese drywall personal injury lawsuits start.” They say, “We are calling banks, and real estate flippers out for their reprehensible behavior, and we will stop them. As a indication of our resolve, we have designed a service, that will help advise honest Chinese drywall home investors on what to buy, how much to pay, suggest ethical contractors, and strategies. Our one, and only caveat is the investor buys the products from, and strictly adheres to the remediation standards set by the National Construction Warranty Program. This way everyone wins-including the investor, the ultimate consumer, and their family.” http://NationalCDW.Com

For more information about symptoms of toxic Chinese drywall, or information related to toxic Chinese drywall please visit the Chinese Drywall Complaint Center’s web site at http://ChineseDrywallComplaintCenter.Com

The Chinese Drywall Complaint Center, or its parent group Americas Watchdog was not paid a fee, or given any type of compensation for their endorsement of the National Construction Warranty Program. The group says, “We have endorsed the National Construction Warranty Program because its the only sensible game in town for repairing a toxic Chinese drywall home, and because we feel like it was the right thing to do.”

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A New Student Lending Program for Private Colleges & Universities

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Philadelphia, PA (PRWEB) March 9, 2011

SAGE Scholars, Inc., in partnership with National Education, announces a new student lending program for private colleges & universities.

The “SAGE Tuition Loan Program” — “SAGE TLP” — is designed to help participating colleges increase net tuition revenue, lower discount rates and promote student retention.

SAGE TLP is an innovative “hybrid” program attractive to colleges because it has zero cost, is low cost for families (less than 1% APR), generates cash flow and provides third party loan management, relieving colleges of both administrative burden and compliance risk. Colleges make no capital investment and pay no administrative costs.

Participating colleges will be able to replace a portion of the tuition discounts normally issued to incoming freshmen with the SAGE TLP, converting the discounts to an asset that will eventually provide cash flow. A low-cost loan to students – less than 1% APR with all benefits obtained – replaces a portion of the merit aid that colleges currently provide. Creating a receivable to replace aid allows a college to “recapture the discount”. As some schools have pointed out, this is “found money!”

The program does NOT affect a college’s current cash flows from other sources, such as loans, federal aid, state aid and direct payment from families.

Wesley College, which has signed up with National Education, says it is replacing some grants with loans in financial aid packages for about 20% of incoming freshmen – a decision that will forestall further cutbacks in its budget and existing grants, says Eric Nelson, vice president for finance at Wesley. (source: smartmoney.com)

Colleges can use SAGE TLP as an enhanced retention tool – when changed circumstances imperil a current student’s continued attendance. A college can respond by offering SAGE TLP instead of an increased discount. Repayment can be deferred until after graduation, and a 25% forgiveness benefit will be warmly received by the student and his/her family. Colleges are able to dictate the allocation between the graduation benefit and the on-time payment benefit.

Loans can be made regardless of FICO score, giving the college the flexibility to include the product in award letters. However, only credit-ready loans will be offered in potential securitizations. Early-adopting institutions will have a guaranteed cash flow for all credit-ready loans made.

Wesley College (Dover, DE) is the first SAGE member college to agree to participate. With just under 2,000 students, Wesley has put itself in position to potentially recapture nearly $ 1,500,000 in tuition revenue over the next five years.

How much tuition revenue can an institution recapture using SAGE TLP? In addition to showing projected revenue that can be recaptured, colleges can see how this revenue equates to the number of full-paying students by visiting the on-line calculator on the National Education website.

SAGE Scholars, Inc., established in 1995, has created the nation’s largest private college savings program, with more than 190,000 participating students and 276 participating colleges (45 states) in its enrollment marketing consortium. Families who save in programs such as the Pennsylvania and Wisconsin state 529 Plans are rewarded with Tuition Reward Points – similar to frequent flyer miles – that can be redeemed for guaranteed minimum discounts if students are admitted to and attend a member college, beginning with the freshman year.

National Education, established in 1988, is a financial solution company sharply focused on developing, marketing, originating and servicing education financial products. National Education has received the “Exceptional Performer” designation from the U.S. Department of Education.

For more information, contact:

Matt Scotty at 800.345.4325 ext 5173, President, National Education Servicing

Jeff Hubbard at 800.345.4325 ext 5601, Senior Vice President, National Education Servicing

Dr. Jim Johnston at 215.564.9930, CEO, SAGE Scholars, Inc.

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Global Debt Registry Response to Arizona Senate Passing Legislation Requiring Full Chain of Title Documentation on Mortgages

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Wilmington, DE (PRWEB) March 14, 2011

On February 22nd the Arizona State Senate passed SB 1249 requiring lenders that did not originate a loan to produce the full chain of title for all prior beneficiaries or risk the foreclosure sale being voided and award of attorney fees and damages. The bill passed the Republican-dominated Senate by an overwhelming margin of 28-2. The bill is now in the House where it is expected to pass despite opposition from the states banking industry. The legislation, if passed into law, would become the first in the country requiring lenders to prove they have the right to foreclose by providing a complete list of any previous owners of the mortgage, or chain-of-title documentation on the debt.

In 2006, Global Debt Registry (GDR) recognized the serious weaknesses in consumer data management practices, and began development on a new technology platform that would ensure the integrity of managed and traded data, track account-level chain of title, and provide a turnkey portfolio and document-management repository. Today, the Company offers a fully developed and proven solution that addresses many of the issues facing the mortgage finance and servicing industry today.

“It is crucial for lenders, legislators, and consumers to understand that a solution to the issues that created this crisis already exists,” said Mark Parsells Executive Chairman of GDR. “Our system provides a single source for management of all data and documentation for Issuers, servicing entities, debt buyers, sellers, legal collection firms, regulators, judges, industry participants, and consumers. We are the only turnkey provider of chain of title, data integrity, and media-management services globally, and we stand ready to provide leadership in the recovery of the lending markets and a return to the fundamentals of law.”

Bruce Gilmore, President and CIO added, Our patent-pending technologies are in use by more than 60 accounts-receivable clients and servicing entities in all 50 states. The system can be easily customized to provide titling, data integrity, and media-management services for any asset class and industry. Users can easily transmit and receive data and documents while meeting the most stringent regulatory and industry data protection requirements.

Lawmakers in other states including New York, Oregon, and Virginia have proposed legislation similar to the Arizona bill. Attorneys General of all 50 states are collectively investigating the mortgage servicing industry. GDR offers its knowledge and expertise to those seeking a proven, carefully measured solution to the issues facing the debt industry today.

For more information about Global Debt Registry contact Greg Ousley, CEO, at 866-660-2341, ceo(at)globaldebtregistry(dot)com, or visit http://www.globaldebtregistry.com.

About Global Debt Registry

Global Debt Registry delivers significant consumer protections as well as measurable ROI benefits to all participants in the Accounts Receivable Industry by providing the nations only proven, patent-pending AR titling solution. GDRs customizable platform provides a comprehensive Data Integrity, Chain of Title, and Turnkey Media Management solution. GDR maintains the integrity of traded data and documentation (validates debt); maintains accurate ownership (account-level chain of title); and provides automated access for media lifecycle management. The Company offers a customizable platform both in the performing and non-performing Securitization and ARM industry markets.

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