Tag Archives: Sector

AuthenWare Adds Financial Sector Expert to Management Team

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Miami, FL (PRWEB) May 8, 2009

AuthenWare, a leader in keystroke dynamics software, today announced that Andre De Castro has joined the company as Vice President of Pre-Sales and Professional Services. In this role, he will be instrumental in positioning and aggressively marketing AuthenWare’s end-to-end solutions across the globe. Hailing from Citigroup’s Fixed Income Technology division, Mr. De Castro will leverage his expertise in financial services to help organizations minimize the impact of cybercrime.

“Authenware is excited to have Andre as part of the team,” said Tom Helou, AuthenWare president. “As online transactions grow, hackers become a greater predator, attacking our credit cards as well as our individual identities. Andre’s strong financial background offers a unique set of skills to properly service today and tomorrow’s banking sector clients. We are proud to welcome Andre to AuthenWare.”

At AuthenWare, Mr. De Castro will be responsible for supporting sales initiatives and defining various metrics and processes. Further, Mr. De Castro will delineate the professional services strategy, sketching plans for consulting, customer support, and other elements of service. In addition, he will cultivate key partnerships with business leaders, analysts, associations and industry federations, in related disciplines.

Prior to joining AuthenWare, Mr. De Castro built and directed software development teams, managed the business process automation across global securitized markets, and acted as the point person across all commercial and residential mortgage backed securities hardware, storage and virtualization at Citigroup. His accomplished background also includes sales and software experience at BEA Systems and Plumtree Software.

About AuthenWare

Headquartered in Miami, AuthenWare is a leading innovator and producer of keystroke dynamics software. Its identity authentication product, AuthenWare, recognizes valid users by calculating the unique rhythm and beat with which the typist keys in data (i.e. their username and password) on their computer keyboard. AuthenWare evaluates this information along with behavioral and environmental characteristics to keep hackers out and let authorized personnel in. The company services customers that span across international borders and business sectors, effectively providing security to industries such as financial services, government, transportation and logistics, manufacturing, and retail.

For more information, please visit our website at http://www.authenware.com.

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Commercial Real Estate Has the Hotel Sector Begun Turning Around?

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Clearwater, FL (Vocus) July 26, 2010

Data from Smith Travel Research released recently shows U.S. hotel occupancy rose more than two percentage points in the first five months of this year from the same period last year, to 54.7%. However, there is no doubt that many commercial properties such as hotels remain very deeply in debt.

Guardian Solutions, a commercial loan restructuring firm specializing in various segments within the commercial real estate market, has recently helped two such hotels turn matters around despite the struggling economy.

Eventually, the hotel industry will come back, but if a hotel owner is straddled with an untenable balloon payment, or is in default because of the current economic situation, it is imperative that the commercial property owner act aggressively now to keep his property, said Ira J. Friedman COO for Guardian Solutions.

But the overall looming industry debt continues to threaten to undo any recovery the hotel segment is starting to make.

According to research firm Trepp there is about $ 5.6 billion in securitized mortgages tied to hotels coming due this year and next, and about 28% cover properties now estimated to be worth less than their mortgage balances. That makes refinancing those “troubled” loans nearly impossible without the commercial property owners contributing more capital.

Returning to the hotel industry’s boom-time highs may take several years or longer. PKF Consulting Inc., a hotel-industry analysis company, predicts U.S. average rates and REVPAR (revenue per available room) will return to their recent peaks by 2013, but occupancy won’t do so until after 2014. As for property values, HVS, the hotel and leisure research company, forecasts U.S. hotels should regain their 2006 values by 2013.

Some hotel owners may just focus on the first bit of good news they have experienced in two years (slightly improved occupancy rates) but the ones that will survive are the ones that take advantage of this uptick and use it to help restructure their commercial mortgage, and deal with the looming problem sooner rather than later added Friedman.

One group of hotel owners who were not waiting to see if things got better on their own was AllStar Investments, LLC. AllStar was able to renegotiate terms for mortgages for two of their hotel properties with the help of Guardian Solutions.

Guardian Solutions and Mr. Friedman took what appeared to be a hopeless situation for two of our hotels and turned them both around. He negotiated a discounted buy-out of the notes at approximately .60 cents on the dollar, said an AllStar Representative

But the situation is even worse for commercial property owners with hotel loans that are coming due in 2012, many of which were originated when hotel values (commercial real estate values) were much higher than today. Of the $ 5.1 billion in securitized mortgages coming due in 2012, 64.5% currently are underwater, according to Foresight Analytics. Those not generating enough cash to cover their interest payments represent 42.2% of that balance due in 2012.

Friedman added, Guardian Solutions addresses each property we represent individually in accordance with all the issues at hand. Once we are prepared with every piece of relevant information and a realistic game plan, we enter negotiations with the Special Servicer, or in some cases the Master Servicer; our intent is to always secure the best possible terms for the client and address the concerns of the lending institutions.

About Guardian Solutions

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

Contact:

Jamie Sene

Vice President, Marketing

Guardian Solutions

727-442-8833

http://www.GuardianSolutions.org

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One Weak Sector of the Commercial Real Estate Market Has Begun to Turn Around, Despite U.S. Economic Sluggishness

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Clearwater, FL (Vocus) October 18, 2010

This year the number of hotels being sold, as a percentage of investment volume within the CRE property sector has increased from below 8% at the peak of the market to over 10%. But more than one-third of hotel transactions that closed through the end of last summer involved distressed conditions, such as foreclosures, auctions or short sales. But the numbers alone can be misleading.

According to Ira J. Friedman, COO of Guardian Solutions, a commercial loan restructuring firm specializing in various segments within the commercial real estate market, they have seen a significant and steady increase in the number of hotel owners facing imminent foreclosure that are able to save their properties.

This latest trend is an indication to us that commercial real estate may be finally on the right path to mend itself. Lenders and special servicers that we work with closely seem more willing to restructure, workout or negotiate discounted buyouts than they did in the past; specifically, there was $ 1.29 billion in distressed properties that sold off in the first half of 2010, compared with $ 1.04 billion in first-half 2009, said Friedman.

Data from Smith Travel Research released recently shows U.S. hotel occupancy rose more than two percentage points in the first five months of this year from the same period last year, to 54.7%. However, there is no doubt that many commercial properties such as hotels remain very deeply in debt and will require a restructuring of some kind if they are to make it.

One hotel owner who was able to save his distressed property with the aid of a commercial loan restructuring firm was Tom LaSalle, owner of LaSalle Management Limited II, who had this to say, From the time they accepted my case until the closing resolution, I found Guardian Solutions to be a very professional, goal-oriented firm that demonstrated a high level of expertise in the financial field throughout our presentations and negotiations. Two months prior to Guardian Solutions closing resolution on my case I could not have anticipated such a positive result.

But the picture is not all wine and roses for the industry; the situation remains difficult for commercial property owners with hotel loans that are coming due in 2012, many of which were originated when hotel values (commercial real estate values) were much higher than today.

The basis to any successful workout negotiation is ensuring that it is a win-win for both the property owner and the lenderthe difficulty arises in creating a clear view of what is at stake for both parties as well as how they both can make the best of a tough situation with the most favorable terms, added Friedman.

According to Foresight Analytics, of the $ 5.1 billion in securitized mortgages that are coming due in 2012, a whopping 64.5% are currently underwater. Those properties not generating enough revenue to cover their interest payments represent 42.2% of that balance due in 2012.

This pending debt foreshadows more turbulent times before any real recovery for the hotel sector takes hold; hotel owners would be well advised to take immediate steps to save their properties through a comprehensive loan restructuring plan sooner rather than later.

While we expect the hotel industry to eventually come back strong, I would advise any hotel owner facing an untenable balloon payment, or already in default to act aggressively now to keep his property by engaging a reputable commercial loan restructuring firm to represent the property, added Jeramie P. Concklin, CEO for Guardian Solutions.

About Guardian Solutions

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

Contact:

Jamie Sene

Senior Vice President, Marketing

Guardian Solutions

727-442-8833

jvs(at)guardiansolutions(dot)org

http://www.GuardianSolutions.org

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The Collingwood Team LLC Announces Mortgage Sector Webinar On Veterans Affairs Loan Warranty Origination Policies

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Washington, DC (PRWEB) May 02, 2013

The Collingwood Team, a leading home loan industry advisory group, announced today the fifth installment in its collection of business meeting phone calls. The fifth edition, entitled The Foreseeable future of VA Mortgage Warranty Origination Policy, will give customers and industry contributors with useful insight to the latest adjustments to VA Mortgage Warranty Origination rules and laws. The webinar will be held at two:00 PM EST on Thursday, May possibly sixteen, 2013.

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The contact will cover how the recent regulatory alterations will impact creditors and the changes that loan providers should be generating to their policies and processes to accommodate these new principles. Subject areas will consist of the modern developments in VA origination volumes, the new user position requirement, financial institution scorecards, the implementation of an AMS/AVM system and the forthcoming file upload method. The panelists will also examine possible adjustments to allowable costs and closing fees.

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Just like FHA, there has been a considerable enhance in VA mortgage origination volume in the final year, mentioned Brian Montgomery, As a consequence, we believe it is essential that VA loan companies remain up to date on plan and programmatic modifications coming out of the agency.

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The webinar, which will be supplied at no expense, will be moderated by The Collingwood Group Chairman and Former FHA Commissioner, Brian Montgomery. Brian will be joined by Brideeen Gallagher, Taking care of Director of The Collingwood Teams Chance Administration and Compliance division and Carol Barnard, a Senior Consultant at The Collingwood Team with above twenty years of encounter in VA origination plan. Attendees are inspired to post inquiries to Collingwoods authorities prior to the call.

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For webinar and registration data go to Collingwoodllc.com.

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About The Collingwood Group

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The Collingwood Group (http://www.collingwoodllc.com) is a Washington, DC-based organization advisory organization concentrated on developing clients companies, marketing revenue growth and increasing expense returns. The company is led by Chairman Brian Montgomery, previous Assistant Secretary for Housing and Federal Housing Commissioner, and Vice Chairman Joe Murin, former President and CEO of Ginnie Mae. Both performed main roles in the federal governments initiatives to tackle the nations monetary disaster and restore balance and liquidity to economic markets. The firms experience spans all aspects of Agency, non-Company and FHA/VA housing funding plans Ginnie Mae securitization routines domestic and worldwide secondary marketplace pursuits and troubles main and unique servicing entire asset lifecycle seller and talent administration and all components of portfolio due diligence, acquisition, house management and asset disposition.

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Connected Securitization Push Releases

Brazil introduces new tax resolutions to encourage progress in the IT sector.

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(PRWEB) March 20, 2004

Investigation and Markets announces the addition of the 2004 Brazil Tax, Law and Enterprise Briefing to its offerings.

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BRAZIL TAX, Law AND Company BRIEFING: 2004 supplies guidance on tax and legal problems investors must take into account when assessing a attainable organization acquisition, starting a enterprise or moving into into a joint undertaking or strategic alliance in Brazil. This report highlights current economic, legal, and tax developments in Brazil’s shifting business environment, with content provided by experts at significant accounting and law companies in the area.

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The 2004 version of BRAZIL TAX, Law AND Business BRIEFING functions expert analyses on Brazil’s structural reform, general public institutions, and economic advancement. This 1-quantity report provides comprehensive coverage of Brazil’s banking/finance, power, and labor sectors, as nicely as in-depth analyses of topics this sort of as opposition, company structuring, international investment, intellectual residence, personal fairness, and taxation.

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Also featured in this report is an exceptional job interview with Mr. Fernando Henrique Cardoso, the former president of Brazil. Mr. Cardoso shares his views on the slipping “Brazil Value” the development of free trade discussions in Mercosur and the WTO the effect of competitors from China on the Brazilian financial system the conversation among substantial-tech and traditional industries and the implications for the labor market issues brought on by the devaluation in 1999 and higher fascination charges and Brazil’s total progress prospects below the Lula administration

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Protection includes:

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Brazil’s newest reforms to its tax routine &#thirteen
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Tax preparing possibilities and approaches for structuring acquisitions &#13
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The new fiscal restructuring program, addressing payment of federal tax liabilities in installments &#thirteen
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New rules on the taxation of solutions taxation of royalties and specialized assistance fees &#13
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New tax resolutions to motivate growth in the IT sector &#13
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Developments in Brazil’s competition and antitrust restrictions &#13
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A evaluation of significant selections and investigations manufactured by Brazilian antitrust authorities in 2003 &#13
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The impact of credit history derivatives, the microcredit initiative, and future movement securitizations on Brazil’s fiscal sector &#thirteen
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Cross-border insolvencies and netting agreements in bankruptcy proceedings &#13
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New company governance practices offering more security to shareholders &#13
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Changes to restricted legal responsibility companies by Brazil’s new civil code &#thirteen
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New rules on independent audit companies and audit committees for fiscal institutions &#13
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For a full index of this report simply click on http://www.researchandmarkets.com/studies/53646&#13

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About Investigation and Marketplaces Ltd.

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Research and Marketplaces Ltd. are Europe’s biggest source for market place analysis. R&ampM distribute hundreds of significant research publications from the world’s top publishers, consultants and market place analysts. R&ampM provide you with the latest forecasts on global and regional markets, key industries, the top organizations, new items and the latest market place traits.

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For additional information on ResearchandMarkets.com, their range of stories or their benefit-additional providers, visit their world wide web site at http://www.researchandmarkets.com or mailto:press@researchandmarkets.com

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Related Securitization Audit Report Push Releases

The Collingwood Group Announces Home loan Sector Conference Contact On the Topic of FHA Assert Submitting

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Washington, D.C. (PRWEB) July 12, 2012

The Collingwood Group (Collingwood) is delighted to announce its 3rd in a series of business convention calls — Maximizing FHA Claim Submitting (Component A and B), becoming held at 2pm EST on Thursday, July 26, 2012.

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The dialogue will concentrate on the FHA claims procedure and pitfalls. Exclusively, the panelists will supply insight into FHAs maximum priorities during a claims overview and go over some of the most common violations they uncover. Moreover, Collingwoods team of FHA authorities will talk about how significantly problems price as effectively as the most widespread way servicers depart cash on the desk that they could be professing.

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The FHA statements filing process is inherently challenging, and if the servicer is not effectively versed in all the complexities, it can create dual exposurepotential enforcement motion by HUD for non-compliance and significant financial losses owing to incomplete, inaccurate, or untimely submitting, mentioned Brian Montgomery, Collingwood Team Chairman and former FHA Commissioner. He added, How servicers and lenders can successfully manage this approach will be the major emphasis of this sector contact, with a purpose of supplying information that is timely and insightful.

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The call, presented at no price to members, will be led by Brian Montgomery. He will be joined by Karen Garner, Collingwood Group Controlling Director and Heidi Schranz, Collingwood Team Senior Specialist, who possesses over 10 years of knowledge in FHA claim processing, filing and auditing.

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FHA conducts compliance reviews of servicers filing promises on a schedule foundation from the greatest servicers to people that file only a handful of statements a calendar year. It is imperative that servicers realize the connection in between how their client services and reduction mitigation associates service a mortgage and the filing of the mortgage loan insurance claim, stated Garner With improved emphasis on servicing compliance by FHA, the CFPB, OCC and other regulators, now is the time to ensure that you know what to expect and have procedures and procedures in place to decrease the chance to your firm and optimize your house loan insurance coverage declare restoration.

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Collingwoods Chance Management and Compliance Division is sharing info on an ongoing foundation with Collingwood clientele and other sector colleagues. Its first phone FHA Enforcement: Myths, Misconceptions and Specifics, centered on FHA Enforcement, Good quality Assurance and Inspector Common reviews, and the Mortgagee Evaluation Board. The 2nd contact targeted on FHA Servicing Compliance with emphasis on FHAs reduction mitigation program. A summary of every get in touch with is available on Collingwoods website at http://www.collingwoodllc.com.

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About The Collingwood Group&#13

The Collingwood Team (http://www.collingwoodllc.com) is a Washington, DC-based enterprise advisory firm focused on expanding consumers firms, promoting income progress and rising investment decision returns. The company is led by Chairman Brian Montgomery, previous Assistant Secretary for Housing and Federal Housing Commissioner, and Vice Chairman Joe Murin, former President and CEO of Ginnie Mae. The two played major roles in the federal governments initiatives to tackle the nations financial crisis and restore stability and liquidity to fiscal marketplaces. The companies skills spans all elements of Agency, non-Agency and FHA/VA housing funding applications Ginnie Mae securitization activities domestic and worldwide secondary marketplace pursuits and troubles primary and particular servicing full asset lifecycle vendor and talent management and all factors of portfolio owing diligence, acquisition, residence administration and asset disposition.

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Visit http://www.directeventreg.com/registration/event/99845500 to register for the contact.

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