Tag Archives: J.G.

Structured Settlement Sale Prevents Home Foreclosure in Florida, According to J.G. Wentworth

Posted on by


BRYN MAWR, Pa. (PRWEB) September 24, 2008

Commenting on the increase, Randy Parker director of quality assurance for J.G. Wentworth, noted that among the higher volume of transactions are a larger number of cases where the seller is trying to overcome some form of financial distress which was not contemplated at the time they settled their lawsuit including the possible loss of their home through foreclosure.

According to Mr. Parker, “Our client Janine D. living in Sarasota offers a typical example of some of the financial distress we are now seeing. Sudden and persistent illness undermined Janine’s ability to maintain her income. She had few other assets other than her settlement payments, but these were inadequate for the circumstances she found herself in.”

Janine D. said, “I have been unable to work due to an illness for the past 21 months and the bills were piling up. I had nowhere to turn to and could not find a job due to the constant in-and-out hospital visits.”

Through J.G. Wentworth, Janine D. was able to sell a portion of her regular monthly payments for 4 years in exchange for $ 16,000 in cash.

“J.G. Wentworth was fantastic about getting me money from my annuity to bring me out of the financial hole and keep our home from being taken away,” she said. “You helped keep the roof over my child’s head. I am forever grateful. Thank you.”

Parker noted that not all clients are facing some form of financial distress. “Many clients simply find it more convenient to get all of their money at one time, rather than waiting several years.”

About the J.G. Wentworth family of companies

J.G. Wentworth, Inc., based in Bryn Mawr, PA, is the nation’s oldest, largest and most respected buyer of deferred payments for illiquid financial assets like structured settlements, annuities and, through dedicated subsidiaries, life insurance policies. Since 1992, J.G. Wentworth has purchased over $ 3 billion of future payment obligations from consumers and is also the nation’s largest securitizer of structured settlement and annuity backed notes. The company’s notes are rated AAA by Standard & Poor’s Corporation.

For more information about J.G. Wentworth, go to http://www.jgwentworth.com.







More Securitization Press Releases

The #1 Reason Consumers Sell Their Structured Settlements Is to Pay Bills, According to Survey by J.G. Wentworth : Current financial environment seen as catalyst for sales of ‘illiquid financial assets’

Posted on by


BRYN MAWR, Pa. (PRWEB) October 28, 2008

The survey represents some of the most concrete insights on the attitudes of the estimated 2 million Americans who hold some $ 100 billion in structured settlements. Structured settlements were introduced in the U.S. in the 1970s as an alternative to lump sum settlements of legal claims.

“What these survey findings tell us is that consumers are looking to tap into the value of illiquid financial assets like structured settlements,” said Ken Murray, chief marketing officer for J.G. Wentworth. “Approximately 71% of the surveyed consumers selling all or part of their structured settlements have held them for more than 10 years, and we believe that the current financial environment will accelerate that trend.”

While structured settlements provide a stream of payments over a defined period, often people find they need access to their funds now, whether to address immediate financial needs like paying bills or to plan for the future by starting a business, financing home improvement or paying for college tuition for themselves or family members, Mr. Murray noted.

“Structured settlements are established for many different reasons, and attempt to take into account the potential future needs of the plaintiff while providing a reliable source of income,” Mr. Murray said. “Unfortunately, the inflexibility of this structure can make it difficult to adapt to life’s events. Selling part or all of a structured settlement offers consumers the financial flexibility they may need to deal with a problem or take advantage of an opportunity.”

About the J.G. Wentworth family of companies

J.G. Wentworth, Inc., based in Bryn Mawr, PA, is the nation’s oldest, largest and most respected buyer of deferred payments for illiquid financial assets like structured settlements, annuities and, through dedicated subsidiaries, life insurance policies. Since 1992, J.G. Wentworth has purchased over $ 3 billion of future payment obligations from consumers and is also the nation’s largest securitizer of structured settlement and annuity backed notes. The company’s notes are rated AAA by Standard & Poor’s Corporation.

For more information about J.G. Wentworth, go to http://www.jgwentworth.com.







More Securitization Press Releases

J.G. Wentworth Affiliates Pay Off $137 Million of Annuity-Backed Notes

Posted on by


Bryn Mawr, PA (PRWEB) December 1, 2009

J.G. Wentworth affiliates have paid off, as scheduled, approximately $ 137 million of notes from 1997 and 1998 securitization transactions according to Chief Investment Officer Stefano Sola.

The notes were backed by payment streams from structured settlements. Structured settlements are personal injury settlements paid out to claimants over time. The payments are funded through annuities issued by insurance companies.

The notes, J.G. Wentworth Receivables I LLC, Series 1997-1, and J.G. Wentworth Receivables III LLC, Series 1998-1, were paid off on September 15 and June 15 2009, respectively.

According to Mr. Sola, the J.G. Wentworth affiliates paid 100% of the obligations owed. The successful repayment of the notes on a timely basis demonstrates the integrity and stability of the underlying assets, Mr. Sola said. He added that the steady payment streams from the underlying structured settlements highlighted the very low correlation to the broader markets during the recent period of significant distress among most asset backed securities. There were no defaults and investors benefited from timely principal and interest payments, Mr. Sola said.

Structured settlement or annuity backed notes are fundamentally different than most asset backed securities in that they are less directly tied to general economic conditions and less directly tied the credit markets, Mr. Sola said. As such, they continue to offer investors attractive risk reward characteristics.

About the J.G. Wentworth family of companies:

J.G. Wentworth, Inc., based in Bryn Mawr, PA, is the nations oldest, largest and most respected buyer of deferred payments for illiquid financial assets like structured settlements and annuities. Since 1992, J.G. Wentworth has purchased over $ 4 billion of future payment obligations from consumers and is also the nations largest securitizer of structured settlement and annuity backed notes.

For more information about J.G. Wentworth, visit http://www.jgwentworth.com.

###







Find More Securitization Press Releases