Tag Archives: Board

RTC Oversight Board President and Senior Vice President, Peter Monroe and Lloyd Chaisson, Issued the Following Statement Today

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Tampa, FL (PRWEB) September 23, 2008

“The RTC (Resolution Trust Corporation) was created in 1989 by Congress as a federal agency to close failed Savings and Loan Associations and sell their assets at the highest value. Proceeds from sales were used, along with Congressional appropriations to pay all obligations to federally insured depositors Thousands of Savings and Loan (S & L) executives and directors were convicted. No S & L shareholder received a penny of taxpayer dollars. Innovative techniques such as the securitization of commercial mortgages were created to achieve the highest “net present value” for all assets sold. RTC was never a “bailout” in the sense of going beyond explicit federal guarantees. When the job was done, the RTC closed its doors–forever.

In 1993, it was thought that higher capital standards for all financial institutions, tighter asset appraisals and the experience of the S&L crisis itself would help prevent a reoccurrence of a financial crisis caused by mortgage defaults. Now we find ourselves, yet again, mired in a mortgage-driven crisis. However this one, if not soundly managed, could saddle future generations with unprecedented debt.

We offer this discussion of “lessons learned” from our RTC Oversight Board leadership roles in the spirit of “those who do not understand history are doomed to repeat it”. At the same time, much of the work of the RTC should be repeated. We caution officials not to act so precipitously as to replace the last 20 years of government paralysis with panic. Notwithstanding the extreme nature of the current financial crisis, “doing it right” is the most important thing that can be done. If Treasury and Congress get this wrong because of unbridled haste to “do something”, the implications are far more serious than anyone can imagine. It will take years to unwind any poor decision making.

We believe that the following ten principles must guide the current federal response:

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Overture Technologies Adds J. Barry Morrow to Board of Directors

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Chevy Chase, MD (PRWEB) April 7, 2009

Bethesda, Maryland — Overture Technologies, the leading provider of decisioning software solutions that enable transparent, accurate and responsive lending processes for the mortgage and education finance industries, has announced the election of J. Barry Morrow to its Board of Directors.

“Barry brings tremendous experience in guiding companies through active stages of growth and a deep understanding of the perspectives of both lenders and schools in serving the higher education market,” said Bill Kelvie, CEO of Overture Technologies. “We’re pleased to attract such a well-respected industry leader to our Board.”

Morrow, an education finance industry veteran with 30 years of experience in business development, operations and technology, was president and CEO of Collegiate Funding Services, a leading student loan servicing company, until its acquisition by JP Morgan Chase Bank in 2006. Previously, Morrow was general manager of financial services for the U.S. Department of Education’s Office of Student Financial Assistance. Earlier, Morrow was vice president of regional operations with Sallie Mae, where he spent 17 years in various senior operating executive positions. He holds an M.A. in public administration from George Washington University and a B.A. from Virginia Tech.

“Overture’s solutions help schools to expand the way they engage students on the process of financing their education and enable lenders to serve students in a more transparent and efficient way,” said Barry Morrow, board director at Overture Technologies. “Overture’s enabling, web-based technologies could not come at a more critical time for students facing increasing tuition costs and challenging credit markets. I am excited to serve on the Board of this dynamic and innovative company.”

About Overture Technologies

Founded in 2000, Overture Technologies is the leading provider of decisioning software solutions that enable transparent, accurate and responsive lending processes for the mortgage and education finance industries. Overture’s customers are dedicated to providing superior mortgage underwriting, servicing and securitization services and to increasing students’ access to higher education financing alternatives. Our leadership team applies decades of experience from leading financial services and technology firms including Fannie Mae, Freddie Mac, Goldman Sachs, IBM, KPMG and Sallie Mae to help our customers achieve their goals. For further information, call (301) 492-2140 or visit http://www.overturecorp.com.

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John T. Moss (Spirit) Appointed to Bluestone America Advisory Board

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Los Angeles, CA (PRWEB) June 26, 2010

Bluestone Americas President, William Soady, announced the appointment of John T. Moss (Spirit) as Advisory Board Member for Bluestone America. John T. Moss (Spirit) is currently the Chairman of The Board/Founder of the Native American Trade & Information Office, a Division of Caddo Assets Services Help (CASH) Community Development, (a 501(c) (3) organization). Mr Moss is a member of the Caddo Nation of Oklahoma and highly respected in both, the Indian tribal governments and the US government agencies, which deal with tribal laws and issues.

Mr Moss previously served as consultant to a leading international investment and merchant bank based in the US, active in Asia and Middle East. John acted as a key member of the negotiation and deal team, advising on cross border merger and acquisitions involving a $ 4 billion commercial bank from emerging markets, interfacing with senior level management, providing counsel on due diligence, financial analysis, strategic planning and investment recommendations to the buyer.

Our Indian managed non-profit goals, with its two divisions, are to provide funding and Tribal ownership in economic project development, education in business & personal finances, economic strategies & instruction on implementation; we play an important role in bringing self reliance to our great Indian Nations said John Moss.

John has received commendations by the City of Los Angeles and other government bodies for his work in both, the business community and his non-profit organizations established to advance the American Indian Nations.

Mr. Moss, his organizations and contributions are featured in the June 22nd, 2010 edition of Indian Country Today (a national American Indian publication).

“John brings to Bluestone America an extensive background in both business and non-profit organizations established to advance the America Indian Nations. Johns involvement and dedication to the development of Indian owned and operated business will give Bluestone the insight to effectively serve the financial and funding needs of gaming, hospitality and resort developments. The American Indian Nations have a very complex and developed business hierarchy in which John has been active in for many years. We are looking forward to serving this market as well as counting on Johns guidance and participation said William Soady.

About Bluestone America:

Bluestone America is a conglomerate of domestic and global-based companies whose focus is asset management, asset based project securitization funding and acquisition of alternative assets. The members of the management and advisory boards of the Bluestone group of companies have broad based expertise in financial business development and banking in the Middle East, United States, South Korea, Brazil, Taiwan, Hong Kong, China and other key international financial and business centers.

Bluestones management and advisory board members are multi-cultural representing Asia, South America, North America, Africa and the Middle East. Bluestone America has developed various methods of securitizing asset based long-term real estate development projects using Non-Correlated Longevity Assets. These methods and techniques are proprietary intellectual properties developed and owned by Bluestone America.

For more information on Bluestone America:

Info (at) BluestoneAmericaInc (dot) com

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Corigin Headlines Ivy Family Workplace Network Greenwich, CT Discussion board

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Greenwich, CT (PRWEB) February 06, 2013

Corigin Cash, LLC Taking care of Director, Greg Gleason headlined the Ivy Loved ones Place of work Community Greenwich, CT Discussion board with a dialogue on Discovering Yield in a ZIRP Setting. The Forum was held on January twenty fourth in Greenwich, CT.

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In accordance to Mr. Gleason, There is presently a huge prospect in the New York Metropolis Metropolitan region to acquire very first mortgage loan bridge loans and non-doing debt secured by professional houses. Many of these loans are accessible from lending establishments that require to divest assets. Corigin sees remarkable chances to comprehend returns towards property that are below intrinsic values.

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In a lot of situations, financial institutions have provided limited marketing and advertising and there is a scaled-down acquiring audience for these types of property. The capability to be versatile and provide multiple paths such as restructuring, notice re-sale and house degree execution are important to making the very best results. The character of these loans is usually brief phrase with powerful chance altered metrics.

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Mr. Gleason is Controlling Director of Corigin Funds, where he is responsible for overseeing the investment sourcing, underwriting and asset management functions. Prior to joining Corigin, Mr. Gleason held numerous positions in opportunistic real estate acquisitions and asset management at DLJ Genuine Estate Cash Companions (DLJ), a $ four billion international real estate private equity supervisor. In the course of his tenure at DLJ, Mr. Gleason participated in the expense of over $ 400 million of the funds fairness capital, such as bridge lending, distressed financial debt, securitized personal debt, desired fairness, and improvement joint venture fairness transactions.

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He graduated from Emory College with a BA in Economics and has been a CFA Charterholder considering that 2007. Mr. Gleason formerly served as a member of the Board of Administrators for the Genuine Estate Finance Association (REFA) in Boston.

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Corigin Capital LLC is a member of Corigin True Estate Group, a vertically integrated genuine estate operator/operator that has invested in excess of $ 300 million of proprietary money into 5 million square toes of genuine estate. Corigin Funds executes and oversees genuine estate backed bridge lending and non-doing financial loan acquisition and resolution transactions. For much more data on Corigin Capital make contact with Louis Hanna at Lhanna(at)corigin(dot)com.

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Other speakers on the panel incorporated: Azhar Quader of Queens Court docket Capital, LLC, Jerry Levy of Tricadia-GraniteRidge and Mark Samuel of Publish Highway Fund Advisors.

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The Ivy Loved ones Business office Community New York Forum is part of an ongoing dialogue with family offices to offer large-value schooling and information on developments for family members place of work investing, composition and operational excellence. Attendees gain practical techniques and solutions to accomplish each quick and lengthy-expression goals. The plan functions off-the-file, peer-to-peer conversations in a non-business environment, in-depth and highly interactive periods.

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About The Ivy Loved ones Workplace Community

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The Ivy Family members Place of work Network, IvyFON, is a top peer to peer world-wide family members business office network with numerous hundred family offices attending their activities inside the earlier 12 months. Some of the far more than one,000 past speakers have provided five of the prime 10 major asset allocating consultancies by dimension, pre-eminent substitute investment funds by return, top institutional investors by measurement, greatest-in-class asset management specialists, family members office subject issue professionals and globe-course family workplaces. Forum sessions are multi-format and cross-disciplinary masking a variety of household business office centric matters.

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IvyFONs knowledge is an outgrowth one particular of the United States oldest and largest alternative expenditure networks, the IvyPlus community, which was commenced as a peer to peer private fairness, true estate and hedge fund network consisting mostly of Ivy League alumni but inclusive of other participants who experienced attended much more than fifty globally comparable programs or via advantage are deserving members in the plan. Moreover the IvyPlus network supports offer networks across numerous disciplines which includes non-public fairness, enterprise money and true estate. Far more than 10,000 expense, loved ones workplace and institutional investment experts have attended IvyPlus forums globally.

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For a lot more information on the Ivy Family members Place of work Network, go to ivyfon.com/get in touch with.html.

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Countrywide Financial Corporation Appoints David Sambol to Board

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Calabasas, Calif. (Vocus) October 2, 2007

Countrywide Economic Company (NYSE: CFC), today announced that David Sambol, President and Main Operating Officer, has been appointed to its board of administrators.

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“Mr. Sambol will make a great contribution to our board,” mentioned Harley Snyder, president of HSC, Inc. and Countrywide’s guide director. “Dave’s confirmed management talent, complete information of the Company and unparalleled skills in all elements of the mortgage sector will be invaluable to the Board.”

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A 22-calendar year veteran of Countrywide, Mr. Sambol was appointed President and Main Working Officer in 2006. In addition to overseeing all operations of the Firm, Mr. Sambol’s tasks at present contain leadership of corporate operational and assistance units. Mr. Sambol also serves as a member of management’s Govt Committee.

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“Dave has been a driving drive powering Countrywide’s long-phrase growth above the many years,” mentioned Angelo R. Mozilo, Countrywide Chairman and Chief Executive Officer. “He has shown the a lot of attributes necessary of a entire world-course chief in the course of difficult market situations and he has established his ability to execute techniques that place us for long term growth and ongoing market place leadership.”

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Mr. Sambol has been instrumental in developing the Company’s principal home loan originations and servicing procedure. He also recognized Countrywide Capital Markets, and served as its President and Chief Government Officer. Below his direction, CCM became 1 of the nation’s leading mounted-earnings securities companies.

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Earlier in his tenure at Countrywide, Mr. Sambol served as Executive Handling Director of Organization Segment Functions, and has led all profits making functions of the Firm. He has also experienced oversight duty for Countrywide Financial institution, Countrywide Insurance Team, and Countrywide’s World-wide Functions. Mr. Sambol began his career with the Organization as a director of inside audit. Prior to joining Countrywide, Mr. Sambol served as a Licensed Community Accountant with the accounting organization of Ernst &amp Whinney.

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About Countrywide:&#13

Founded in 1969, Countrywide Economic Company is a diversified financial services supplier and a member of the S&ampP 500, Forbes 2000 and Fortune 500. By means of its family members of businesses, Countrywide originates, purchases, securitizes, sells, and services household and industrial loans provides financial loan closing solutions such as credit history reports, appraisals and flood determinations delivers banking services which consist of depository and property loan products conducts set revenue securities underwriting and trading actions gives house, existence and casualty insurance policies and manages a captive mortgage reinsurance business. For more details about the Organization, visit Countrywide’s website at http://www.countrywide.com.

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This Press Release is made up of forward-looking statements inside of the that means of Segment 21E of the Securities Exchange Act of 1934, as amended, with regards to management’s beliefs, estimates, projections, and assumptions with respect to, amid other items, the Company’s foreseeable future functions, organization ideas and strategies, as effectively as industry and market place problems, all of which are subject to modify. Real final results and operations for any long term time period may range materially from individuals projected herein and from previous results talked about herein. Variables which could result in true results to vary materially from historical final results or these expected contain, but are not minimal to: improved price of personal debt lowered entry to corporate credit card debt marketplaces unexpected funds or cash demands a reduction in secondary house loan market trader desire elevated credit losses owing to downward traits in the economic system and in the actual estate industry will increase in the delinquency costs of borrowers competitive and general financial problems in each of our company segments this kind of as slower or damaging house price appreciation changes in common company, economic, market and political circumstances in the United States and overseas from these expected reduction in authorities help of homeownership the stage and volatility of curiosity costs modifications in fascination fee paths changes in personal debt rankings changes in normally recognized accounting principles or in the authorized, regulatory and legislative environments in which Countrywide operates the judgments and assumptions created by administration concerning accounting estimates and connected matters the capacity of management to effectively apply the Firm’s strategies and other pitfalls noted in files filed by the Company with the Securities and Trade Fee from time to time. Words and phrases like “imagine,” “count on,” “anticipate,” “assure,” “prepare,” and other expressions or terms of equivalent meanings, as properly as long term or conditional verbs such as “will,” “would,” “ought to,” “could,” or “may possibly” are generally meant to discover ahead-seeking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements or any other info contained herein.

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