Tag Archives: debt

DebtMarket Launches as First Automated Portfolio Marketplace; Will Expedite Pricing, Purchase and Sale of Consumer Debt

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Danville, Calif. and Los Angeles (PRWEB) August 17, 2009

In an effort to answer the vexing question of how financial institutions can price troubled assets, DebtMarket (http://www.debtmarket.com) launches today as the world’s first automated marketplace that connects buyers and sellers of loan portfolios.

DebtMarket enables an estimated 60,000 loan originators (primarily banks, credit unions and finance companies) and portfolio owners (primarily institutions, hedge funds and private equity investors) to list loans from the major consumer loan asset classes, including automobiles, mortgages and student loans. In the months ahead, the company also will support credit card portfolios and other asset classes. DebtMarket accepts loan portfolios of any size, credit quality and loan performance.

DebtMarket enters a market that is measured in the trillions of dollars. Total U.S. revolving and non-revolving consumer debt, including mortgages, was more than $ 14 trillion at the end of 2008, according to the Federal Reserve. DebtMarket also has the potential to play a role in helping both the federal government and the lending industry price hundreds of billions of dollars in troubled assets. Clearer market pricing results in greater market liquidity and efficiency.

The company also announced it has tapped Intel’s former research director as CTO and enlisted several top consumer finance leaders for its advisory board [see the news release, “DebtMarket Attracts Leaders in Technology, Financial Services”].

“DebtMarket is a solution to the credit crisis, applying game-changing technology to provide a transparent, efficient, standardized platform that financial institutions and institutional investors anywhere can use to price, purchase and sell debt,” said DebtMarket Founder and Chairman Scott Walchek. “DebtMarket transforms the existing secondary debt market – much as eBay transformed the auction marketplace – by making it easy for institutions and institutional investors of all types and sizes to participate.”

A serial entrepreneur who has created, led and/or funded an impressive roster of highly successful start-up companies, Walchek has been an innovator in educational video games, a pioneer in Internet shopping cart technology, and was among the first to see the search technology opportunities in China with Baidu. “Technology is the gateway to transparency, and transparency is the tonic that has the power to re-ignite the economy,” Walchek said. “The world’s first automated portfolio marketplace, DebtMarket is the antidote to traditional opaque loan sale methodologies that talk about transparency but fail to deliver. We see DebtMarket as an ideal tool for regulators seeking to expedite the clean-up of toxic bank assets, especially for those small- to mid-size institutions that previously have lacked a marketplace for their loans.”

DebtMarket enables participants to establish and negotiate pricing, perform due diligence and complete all the paperwork needed to close the transaction. The end-to-end transaction technology eliminates inefficiencies, reduces costs, and invites participation from buyers and sellers regardless of size, geography or other previous barriers to entry. DebtMarket technology delivers transparency through a series of essential elements: an auction-style marketplace for competitive pricing; loan-level detail; direct contact between buyer and seller; a visible next-step process in the transaction; and a published fee structure.

“DebtMarket has the potential to transform the way institutions and institutional investors buy and sell consumer debt,” said Mike Sheridan, Co-founder and President of DebtMarket. “DebtMarket acts as a market stabilizer by providing access to buyers and sellers beyond companies’ traditional reach. This helps address the ‘price discovery’ problem that historically has discouraged so many small- and medium-size institutions and new investors from participating. DebtMarket’s disruptive technology pushes the envelope by handing control to buyers and sellers, which results in greater transparency.”

Industry observers suggest that DebtMarket will initially attract buyers and sellers of distressed debt, but that demand for a full-spectrum, technology-enabled solution is likely to extend to the market as a whole.

“The market today is distressed, with assets being sold at a discount — and that’s where an online marketplace like DebtMarket will generate its early successes,” said Jim Jones, former CEO of Residential Capital, Inc. (ResCap), the real estate finance arm of GMAC, and one-time head of consumer credit at both Bank of America and Wells Fargo. Historically, securitization has provided debt originators and portfolio investors with the information they required to make a buy/sell decision. “The difference today is there is no securitization taking place,” Jones said. “The DebtMarket platform assimilates the same type of information buyers and sellers need and provides it via a transparent medium. The result is that buyers and sellers can be more confident that their bid will be evaluated on an equal footing with others. That’s what transparency is all about.”

Walchek and Sheridan began testing the DebtMarket model in July 2008, when they launched a beta to address a single asset class – auto loans. Since then, GDNAuto has transformed the way auto dealerships and financial institutions trade as much as $ 30 billion a year in subprime auto debt. The platform’s success within the auto finance realm has led to a number of significant partnerships between the newly dubbed DebtMarket and auto finance institutions and affiliated service companies.

That continues today with the announcement of a definitive agreement with Frazer Computing, Inc., a Canton, N.Y.-based provider of dealer management software, to incorporate certain features of the DebtMarket platform into its dealership offerings. Frazer is one of the industry’s largest DMS providers, with 4,700 active users, most of which are independent dealers [see the news release, “DebtMarket Signs Partnership Agreement with Frazer Computing”]. DebtMarket said it intends to pursue similar relationships across the broad consumer credit landscape.

About DebtMarket

DebtMarket (http://www.debtmarket.com) is the world’s first automated marketplace that connects buyers and sellers of loan portfolios. The innovative DebtMarket technology platform delivers price transparency, process automation and direct buyer/seller communication in a secure online environment.

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Global Debt Registry Awarded Provisional Patent

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Wilmington, DE (PRWEB) January 27, 2011

Global Debt Registry (GDR), a provider of asset securitization ownership, servicing rights validation, and turnkey accounts receivable titling solutions, announced today that the Company has filed its first cornerstone provisional patent with the United States Patent and Trademark Office, awarded as serial number 61/435,034. The patent protects GDR technologies developed for the Companys recently released Version-5.1 enterprise management tool.

GDR has created a truly unique offering for the global accounts receivable and securitization industries, said Mark Parsells, Executive Chairman. There are no other companies that do what GDR does. We believe this intellectual property will play a significant role in resolving many of the problems that have produced improper portfolio and account-level chains of title, inaccurate data, documentation integrity, and inadequate record keeping surrounding asset securitizations, servicing, and sales in all segments of the global AR space. It is just another step in GDRs mission to establish itself in the market as a forward thinking, leading edge technology powerhouse.

Our groundbreaking patent pending technology is central to GDRs state-of-the-art debt titling solutions, said Greg Ousley, Chief Executive Officer. The filing of our intellectual property is just our latest step in crystallizing our efforts to revolutionize the way issuers, investors, and servicers manage the securitization and accounts receivable lifecycle process.

Bruce Gilmore, President and CIO added, GDR is the only turnkey provider of accounts receivable chain-of-title, data integrity, and media-management services globally. GDR-5.1 is now available and in use by more than 60 customers in all 50 states. The system can be easily customized for any titling, data integrity, and media-management need with very littleif anydevelopment required by the user. Users can easily transmit and receive data while meeting the most stringent regulatory and industry data protection requirements.

The Company will file all documentation for the non-provisional patent on the technology before the end of 2011.

For more information contact Greg Ousley, CEO, Global Debt Registry at 866-660-2341, 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 ARM industry markets.

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Global Debt Registry Recognized as Visa PCI DSS Validated Service Provider

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Wilmington, DE (PRWEB) February 2, 2011

Global Debt Registry (GDR) is pleased to announce that it is now included on Visas list of PCI DSS compliant Service Providers. Inclusion on this list is a public recognition by VISA of GDRs commitment to the very highest industry standards for protecting confidential consumer data throughout the securitization and receivable lifecycle management process.

GDRs commitment to protecting consumer data as evidenced by our PCI DSS compliance positions GDR as a leader in the processing and protection of consumer data, said Mark Parsells, Executive Chairman of GDR. Meeting the requirements to be on the VISA List of Compliance Service Providers along with our delivery of ground-breaking products and services cements our leadership position and creates unparalleled assurances for our clients that their data is protected.

At GDR, our entire business is based upon data and document integrity and security. If you cannot adequately protect data and documents, you cannot assure their integrity, said Greg Ousley, CEO of GDR. We have produced the securitization and ARM industrys first PCI-compliant AR-titling, data integrity, and media management platform. Our system effectively ‘titles’ pre and post charged-off debt, creating greater protection for consumers, reduced transactional risks, and enhanced ROI for Securitization and ARM industry participants. GDRs breakthrough patent-pending technologies are answering the demand from investors, securitizers, servicers, regulators, judges, consumer attorneys, consumer advocates, and legislators for a higher level of transparency and integrity throughout the receivables securitization, performing and recovery life cycle. Achieving Visa PCI DSS validation affirms our capabilities and establishes us as a benchmark for the Securitization and ARM industries.

For more information about PCI DSS visit http://www.pcisecuritystandards.org. For information about Visa PCI DSS Validated Providers visit http://www.usa.visa.com/download/merchants/cisp-list-of-pcidss-compliant-service-providers.pdf. 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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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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Global Debt Registry Responds to 60-Minutes Segment on the Failure of Documentation in Mortgage Backed Securities — A Solution Exists

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Wilmington, DE (PRWEB) April 11, 2011

Global Debt Registry (GDR) has a solution to fix the documentation issues raised in the broadcast of 60 Minutes on CBS, Sunday, April 3, 2011. GDRs patent pending solution is designed to facilitate both legally rebuilding existing faulty mortgage titles that have been securitized and to properly record all such assignments for past and future transactions. Our solution will give peace of mind to investors, regulators, consumers, and bank participants. Once broadly implemented, GDRs solution will:

1) inject integrity and transparency into the management and validation process for the recording and multiple assignments of mortgages that occur(red) during the origination and securitization process;

2) flood county governments with recording and assignment fees by managing required filings of all past and present MERS assignments as well as new filings at a time when every county needs new sources of revenue;

3) will solve the banking industrys problem surrounding proof of ownership on securitized mortgage documents; and

4) be the catalyst to revive the private sector global securitization market providing desperately needed liquidity to the economy.

Global Debt Registry is uniquely positioned to solve the problem surrounding the inability to identify the owners of mortgages that have been or will be securitized in the future, said Mark Parsells, Executive Chairman of GDR and former senior banking executive at Citigroup, Bank One and American Express. The industry wants to do the right thing to protect consumers as well as the assets entrusted to them by shareholders of their respective companies they just havent had a solution that will accomplish both of those goals until now.

GDRs solution is clean and simple. The Company provides a central repository in which all mortgage originators can register mortgages that are marked to be securitized. Then, as the mortgage begins its journey through the securitization process, GDR will ensure that each transfer is properly recorded and assigned in the appropriate counties. Each county will be paid the fees that are required by the purchaser. GDR will house the electronic records of each transfer in our highly scalable and secure database. This will ensure that each and every mortgage that is securitized will be transferred properly with the appropriate assignee and showing that each time the mortgage traded hands that it is in the appropriate county records and that all required government service fees have been paid.

In 2006, Global Debt Registry (GDR) began development of a new enterprise platform built to track ownership, ensure traded data validity, and centralize document management for account and portfolio level transactions on consumer debt. Since then, GDR introduced its new platform to the consumer receivables industry and now supports more than sixty debt buying and servicing companies in all fifty states. GDR offers a new standard for tracking debt ownership with superior data recording and documentation management capabilities compared to existing systems.

In January of 2011, the company received a provisional patent from the US Patent and Trademark Office on technologies in its most recent platform Release GDR 5.1. GDR is on VISAs Customer Information Security Program List of Compliant Service Providers. Visas Payment Card Industry Data Security Standards are the banking industrys highest standards for protecting confidential consumer Personally Identifiable information (PII).

Weve delivered a revolutionary data- and document-management platform with unmatched security and scalabilityeffectively redefining the standards for tracking and managing securitization transactions in the global financial services industry, said Greg Ousley, CEO of Global Debt Registry. Our patent-pending technology delivers integrity to the issuing/originating, servicing, and selling of debt/securities, including tracking mortgage ownership, servicing rights, and related key data and documentation.

The most widely used system for tracking assignments/ownership and servicing rights of mortgages was introduced in 1996 requiring users to participate in little more than an electronic handshake with minimal oversight. The huge growth in demand for mortgage-backed securities created time pressures that led to weak and faulty documentation highlighted in the 60-Minutes piece. GDR recognizes that weakness and designed a system with numerous real-time quality assurance points to ensure transactional integrity, transparency, and protections for all parties. While millions of legacy mortgages and their supporting documentation are destined for the courts in the months and years ahead, 100 percent of GDRs registered mortgages will be managed under the financial industrys most stringent data security requirements in a process proven to meet the federal rules of evidence, including strict adherence to the Pooling and Service Agreement requirements and verification of legally required filings with county recorders.

GDR offers its services to all those seeking a proven, carefully measured solution to the issues facing the securitization industry today. For more information about Global Debt Registry please visit http://www.globaldebtregistry.com or contact Denis Concannon, Public Relations at 781.413.0002, dconcannon@globaldebtregistry.com.

Additional Information

For an on line video of the mortgageownership segment broadcast by 60-Minutes, visit CBS News at 60-Minutes. For additional comment regarding the segment, visit CBS News on line at 60-Minutes Overtime.

For a free white paper by Attorney Daniel J. Langin summarizing the flaws in the securitization process that led to the halting of foreclosure cases throughout the country, please visit White Paper 2 – Securitization. In this second paper in a series, Attorney Langin looks closely at securities litigation in MBS, potential tax and trust law violations, and pending legislation with argument for the creation of a new standard for documenting assignment and authenticating ownership of mortgage accounts in securitizations.

About Global Debt Registry

Global Debt Registry was founded in 1996 and is backed by a $ 5 Billion private equity fund. GDRs customizable, patent pending platform provides a comprehensive Data Integrity, Chain of Title, and Turnkey Media Management solution to the Mortgage and Accounts Receivable Industries. Our mission is to deliver significant consumer protections as well as measurable ROI benefits to all of our clients.

About Attorney Daniel J. Langin

Daniel J. Langin is the principle of Langin Law Firm, LLC with more than 22 years of experience in private and corporate practice. Experience includes positions as General Counsel of two technology companies (GeoAccess and INSUREtrust.com), Global IT Law Manager for USF&G and St. Paul Insurance Companies, and several years as a trial lawyer. He has spoken and published on issues of technology and commercial law and policy in the United States, Canada, Europe, and Israel, and has been quoted by CNN, USA Today, CIO, Computerworld, Boardwatch, and the Boston Business Journal. He is a former member of the Aspen Institutes Internet Policy Project. For more information, see http://www.langinlaw.com or contact Daniel at (913) 661-2430 or dlangin(at)langinlaw(dot)com.

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Maturity of Commercial Debt a Growing Concern with Large Banks, Says Covendium

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Orlando, FL (Vocus/PRWEB) May 31, 2011

With the news last week that the Goldman Sachs-Whitehall Real Estate Fund restructured $ 1.42 billion of debt on one of its largest hotel portfolios; the market was provided more information on a potential commercial loan maturity crisis. The restructuring of the fund is a sign that large banks are making efforts to get ahead of the upcoming wave of commercial debt maturities that are coming due in the next few years, says leading commercial debt restructuring firm Covendium LLC.

As a result of the refinancing, Goldman was able to avert over $ 650M of debt maturity in early 2012 and restructure the debt to match the underlying collateral of the hotel properties in a portfolio assembled over 2006 and 2007. The big banks are getting an early start on restructurings ahead of the maturity witching hour, says Gregg Grauer, Chief Executive Officer of Covendium LLC, the nations largest debtor-side commercial debt restructuring and advocacy firm. While all of the media is focused on the consumer mortgage crisis, banks are very conscious of the $ 1.4 trillion of commercial debt that is coming to maturity over the next few years, adds Grauer.

During the commercial real estate boom in the first half of the last decade, investors and lenders made big bets on new projects at values significantly higher than the current market, with maturities that are quickly coming due.

Lenders can no longer delay the inevitable, says John Hyltin, Managing Director of Resolutions for Covendium. Every lender that I speak to is acutely aware of the size and maturity of their portfolio, and overwhelmed with the number of distressed loans they need to manage. If the debtor is reasonable and advised by an experienced firm like Covendium, there has never been a better time to realign debt with the underlying collateral, advises Hyltin.

We are seeing signs that cheaper capital from banks, insurance companies and even securitizations are slowly coming back to the marketbut the quality of the collateral and the economic terms of each deal matters now more than ever, says Grauer. If Goldman Sachs gets a jump on debt restructuring for their own portfolio, its a pretty strong sign that other debtors who do not have access to the information and resources of a Goldman-Sachs should get a move on.

For more information about how Covendium can help commercial debtors negotiate with their lenders, or any of Covendiums products or services, call them at (407) 284-4000, or view them on the web at http://www.covendium.com.

About Covendium

Covendium specializes in comprehensive commercial debt resolution and restructuring for clients whose financial model has been destroyed by debt service payments that have become unsustainable.

For some clients, all they need is an experienced negotiator to provide their lender with the reality of the financial situation and the tool-set to restructure their obligations. For other clients, Covendium may assist in the replacement of the debt from a bank to a private funding source.

Their team of professional advisors has successfully restructured billions in transactions, with dozens of banking institutions (including major national, regional and community banks) and over 30 separate non-bank financial counterparties.

Bad things happen to good people. Covendium is a premier national debt resolution firm that helps their clients with everything from commercial foreclosure in Charlotte to recapitalization in Miami to unpaid principal balance in Phoenix to discounted pay off in Chicago.

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F&D Reports/Creditntell Publish Update on U.S. Retailers Bank Debt & Liquidity

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Great Neck, NY (PRWEB) November 10, 2011

Industry-leading credit consulting firm Information Clearinghouse Inc. (ICI), through its divisions F&D Reports and Creditntell, are pleased to announce the release of its Bank Debt & Liquidity Update, an annual report for financial executives looking to keep an eye on the access to cash available relative to the retailers and wholesalers with which they partner.

During the first half of fiscal 2011, banks purportedly continued to ease lending standards. Historically low interest rates are driving lending activity, as corporations issue new debt to refinance higher-yielding debt and, to a lesser extent, return capital to shareholders. Compared to historical levels, nonetheless, access to credit remains tight, and most corporations are still not borrowing to fund new investments or expansion. More than ever, retailers are moving to refinance their bank facilities, and these re-financings are serving as key indicators of their financial health.

To that end, the Bank Debt & Liquidity Update provides bank facility maturity schedules for ICIs monitored companies, separated by industry segment, with a summary of the credit agreements as well as key debt protection and liquidity metrics and short-term debt maturities through 2012. For each company, the report provides the maturity date, maximum borrowings, percent available, cash availability, TTM interest coverage, securitization, accounts payable, percent inventory financed by vendors, A/P one-day average, DPO and other term loans or notes coming due in the next year. The report also lists upcoming public bond maturities and bank facility maturities for more than 60 privately held retail sector companies.

Staying on top of upcoming maturities can prove crucial in assessing retailers and wholesalers’ financial health as well as anticipating defaults. The 2010 Bank Debt & Liquidity Update highlighted A&Ps looming $ 157.0 million convertible note maturity on June 15, 2011; A&P subsequently filed Chapter 11 in December 2010, citing this upcoming maturity as part of its rationale for filing. Roundys Supermarkets retired a $ 54.0 million term loan that matured on November 3, 2011 and will need to deal with the November 2012 maturity of its $ 95.0 million revolver. HCA continues to face a series of debt maturities over the next three calendar years, including $ 1.40 billion in notes and term loans coming due in 2012. Other major retailers announcing recent re-financings include: BI-LO, Burlington Coat Factory, Rite Aid, Target, Sears Holding Corp., Safeway, AutoZone, AmerisourceBergen, Bass Pro Shops, Big Lots, Cabelas, Cardinal Health, Compass Group, Core-Mark, Family Dollar, Neiman Marcus, Toys R Us and Winn-Dixie.

Commenting on the Bank Debt & Liquidity Update, Lawrence Sarf, CEO of ICI, stated, Cash is, as always, King, and access to favorable borrowing is the Crown Prince that serves him. Every business experiences opportunities and unexpected pitfalls; both of those situations require immediate access to capital in order to provide the smoothest path forward. Conversely, the inability to take full advantage of opportunities, retire expensive debt, forward-buy low priced goods, or ramp up capex in preparation for a turning economy is the recipe for failure. Knowing what your customer or competitor has in relation to what they are going to need gives you a clear advantage. Every financial executive with an interest in retail should have this comprehensive report nearby as a ready reference.

Information Clearinghouse, Inc. (publisher of F&D Reports, Creditntell, & FDARMS) is a comprehensive retail credit consulting firm specializing in the analysis of public and private companies in numerous retail segments. The focus of its analysis is to deliver the key intelligence today’s busy credit executive needs to make a highly informed decision without sifting through pages of non-essential data. F&D Reports and Creditntell actively monitor retailers such as Kroger, Best Buy, Bed Bath & Beyond, Toys “R” Us, BJ’s Wholesale, Dick’s Sporting Goods, Bon-Ton Stores, and Macy’s. To learn more, visit the websites at http://www.fdreports.com, http://www.creditntell.com, http://www.fdarms.com.

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True Estate Financial loans and Collateralized Financial debt in the US Market Marketplace Study Report Now Offered from IBISWorld

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Los Angeles, CA (PRWEB) June 27, 2012

In the course of the earlier 10 years, Americans have funded their spending through credit score playing cards, mortgage funding and house fairness financial loans, leading to combination home financial debt to rise at an annualized rate of 9.seven% to $ 13.5 trillion in the ten several years to 2007. Amid this credit card debt accumulation, financial institutions and creditors have increased their action, promoting mortgages and credit card debt instruments on the secondary marketplace. This aided financial institutions and lenders diversify their risk and facilitate lending by utilizing proceeds from home loan-backed securities (MBSs) and other income to underwrite new financial loans. Even now, as the subprime disaster produced and defaults rose, need for mortgages and other personal debt securities on the secondary market collapsed. According to IBISWorld sector analyst Eben Jose, the private sector has seriously reduce lending in response to falling need. Inside of the mortgage loan-issuance sector, personal issuance of MBSs fell from $ 765.9 billion in 2007 to $ 34.four billion in 2011, in accordance to the Securities Market and Financial Markets Association (SIFMA) information and IBISWorld estimates. Nevertheless decreased MBS activity has not seriously reduced revenue many thanks to federal government-sponsored entities (GSEs) like Fannie Mae and Freddie Mac. In accordance to SIFMA and IBISWorld estimates, MBS issuance by GSEs rose from $ 1.five trillion in 2007 to $ one.six trillion in 2011, therefore boosting sector revenue. Genuine Estate Financial loans and Collateralized Personal debt earnings is envisioned to tumble at an annualized price of 4.1% to $ 293.3 billion over the five several years to 2012, like a projected two.eight% decrease in 2012.

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Offering mortgages and debt devices on the secondary market drove market expansion in the 10 a long time to 2007 until finally the subprime-house loan crisis created. A rise in mortgage loan defaults thanks to large fascination costs induced the disaster. Bank loan payments on adjustable-rate mortgages (ARMs) and other teaser-charge loans rose, and the subsequent increase in defaults, sparked a credit rating disaster as securitized loans collapsed. As a end result, banks and institutions had to publish down collateralized-debt obligations, MBSs and other credit score securities, states Jose. The consequences of the subprime house loan collapse and near overlook of “economic Armageddon” will average progress in excess of the subsequent five several years. Stringent regulation, rising interest charges and even more deleveraging will reduce desire. The restoration will probably be sluggish as unemployment remains elevated for most of the time period. Profits is forecast to increase via 2017.

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In accordance to the US Census Bureau and IBISWorld estimates, the leading 3 corporations in the Genuine Estate Financial loans and Collateralized Financial debt industry are anticipated to account for about 35.four% of business earnings in 2012. In the five a long time to 2012, the market has continued to consolidate functions during the housing boom. In the course of the housing growth, focus enhanced as scaled-down house loan businesses have been obtained to supply economies of scale and a safe source of home loans for securitization by bigger operators. It is essential to notice that concentration stages differ considerably amongst market segments. For example, the secondary mortgage marketplace has a high stage of concentration, notably because the collapse of the true estate market in 2006. Specifically, agency issued MBSs are approximated to account for about ninety seven.9% or $ 1.six trillion of MBSs issued in 2011 (most current offered info). In comparison, non-company securities accounted for about 32.% MBSs issued in 2007. The decline in non-company MBSs is largely related to fallout associated with the subprime disaster as banks have been necessary to publish-down billions of dollars in property considering that 2007. For far more info, check out IBISWorlds Actual Estate Financial loans and Collateralized Personal debt in the US sector report website page.

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IBISWorld industry Report Crucial Subject areas

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The sector is comprised of nondepository enterprises that focus in lending exercise. Not like banks and other standard creditors, though, business contributors do not rely on deposits to situation financial loans. As an alternative, nondepository firms provide lending by promoting securities (i.e. bonds, notes, inventory) or insurance coverage guidelines to the community. In addition to immediate lending, participants also make revenue by securitizing and marketing mortgages and other loans on the secondary marketplace.

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About IBISWorld Inc.&#thirteen

Identified as the nations most reliable unbiased resource of sector and marketplace research, IBISWorld offers a comprehensive databases of special info and examination on every single US industry. With an comprehensive on the internet portfolio, valued for its depth and scope, the business equips consumers with the insight required to make much better company choices. Headquartered in Los Angeles, IBISWorld serves a selection of enterprise, specialist provider and authorities businesses by means of a lot more than ten locations worldwide. For a lot more details, go to http://www.ibisworld.com or phone one-800-330-3772.

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Collection Company Fast Recovery Answer Reacts to an Report With regards to Rep. Broadwaters Ideas for Louisiana Debt Selection

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Bohemia, NY (PRWEB) August 29, 2012

On August twenty ninth, selection agency Speedy Restoration Answer CEO John Monderine gives a reaction to an article printed on theadvertiser.com which discusses how Louisiana Agent Chris Broadwater wishes to enhance the states credit card debt collection techniques.

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In accordance to the report, ensuing from a mixture of fines, from overdue health care tools rentals to missed tuition payments, a overall of $ 1.5 billion is owed to the condition government considering that March 2012. In response to the governments increasing financial debt, Rep. Broadwater is hopeful to develop new methods for Louisiana state debt selection.

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In accordance to the write-up, Broadwater efficiently sponsored laws this year to establish a pilot program to market, securitize or auction parts of the state’s lengthy-time period delinquent accounts. His concept is to permit a bank, assortment agency or personal citizen to suppose the danger of collecting the income in exchange for having to pay the condition a proportion of what is owed.

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John Monderine, CEO and owner of collection company Fast Recovery Solution, understands the value of addressing debt in a well timed fashion. In accordance to Monderine, It is vital that point out organizations bill swiftly, ready twelve months to deliver a invoice is monetary suicide. If the debtor is not responsive, employ the service of a contingent collective agency like Speedy Recovery Remedy.

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The article prices Broadwater who commented, I do not essentially know the cause it really is not being compensated back again. I can certainly guess. Possibly in some instances, [the Louisiana governments] businesses [are] just not becoming attentive to the income they’re owed. In addition, the write-up states that Commissioner of Administration Paul Rainwater is examining the choice to possibly promote a quarter of the states prolonged-phrase delinquent expenses.

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Founded in 2006, Fast Restoration Resolution, Inc. is situated at the maximum point of beautiful Prolonged Island. Quick Recovery Collection Company is fully commited to recovering your funds and rapidly. We firmly imagine that every debtor holds the capacity to pay if motivated in the correct way. We DO NOT alienate the debtors we strive to align with them and provide a variety of approaches to resolve not only your financial debt but also all their debts.

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The Lending Circle Examines a New Home loan Bankers Affiliation Report on Lowering Business/Multifamily House loan Financial debt

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San Francisco, CA (PRWEB) Oct 24, 2012

The House loan Bankers Affiliation (MBA) has unveiled a recent report that exhibits commercial/multifamily home loan debt exceptional diminished by $ 10.four billion in the 2nd quarter of 2012.

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This represents .4 % of excellent mortgages and the drop was led by declines in the balance of financial loans in collateralized credit card debt obligations (CDO), asset backed securities (Stomach muscles), and business mortgage loan-backed securities (CMBS) troubles.&#thirteen

Even with the drop, there is nonetheless $ 2.37 trillion in excellent business/multifamily mortgage credit card debt. The decline in mortgage financial debt came specifically from business home loans, as multifamily house loan credit card debt actually increased by $ five.4 billion from the 1st quarter of 2012.

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In fact, CMBS loans compensated-off, paid out-down and had been liquidated at a considerably more quickly tempo than new CMBS loans ended up originated throughout the quarter, mentioned Jamie Woodwell, MBAs Vice President of Business Actual Estate Study. He suggests the drop in CMBS balances a lot more than offset the raises in holdings by Fannie Mae, Freddie Mac and FHA, banks and life insurance coverage companies.

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The MBA examination summarizes both mortgage holdings and securitized financial loans. Reporting of commercial and multifamily house loan credit card debt has been recently enhanced by the MBA. It now excludes some classes of loans that ended up formerly integrated in the info. Especially, loans collateralized by owner-occupied industrial qualities and loans for acquisition, growth and design are no lengthier integrated in the MBA reporting. The exclusion of these loan types allows the MBA to a lot more accurately report the harmony of loans exceptional for earnings-making qualities such as apartment creating, retail centers, and business office properties.

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The largest amount of industrial/multifamily mortgages keep on to be held by industrial banking institutions who hold $ 815 billion or 34% of all commercial/multifamily mortgages. A more $ 555 or 23% are held by Abdominal muscles, CDO, and CMBS problems. An additional $ 360 billion, or 15% are held in GSE portfolios and MBS, even though lifestyle insurance coverage organizations hold $ 320 billion or 14% of the whole.

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Relating to the keeping of professional/multifamily home loan debt, the 2nd quarter of 2012 saw Stomach muscles, CDO, and CMBS problems decrease their holdings by $ 19.eight billion or three.4% of the whole. This was the premier lessen of any sector. Finance firms lowered their holdings by an added $ five.1 billion or eight.4%. On the flip aspect, MBS and GSE portfolios enhanced their holdings by $ 7.1 billion or 2.%.

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The Lending Circle, a division of Sunovis Financial, helps borrowers nowadays with the greatest conditions and loans, and retains a shut eye on these tendencies. Borrowers can have difficulty discovering a financial loan or refinancing a house when approaching financial institutions that are decreasing holdings in business actual estate. But, there are creditors who are developing and stabilized as nicely as option lenders.

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About the Lending Circle&#thirteen

The Lending Circle, a division of Sunovis Monetary, aids borrowers discover financing nationwide. The organization motto is: The Lending Circle – The New Way to Get Loans Done Nowadays.

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