Tag Archives: Senior

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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Emerging Payments Technologies, Inc.: Mr. Steven Kietz Expands Role as Chief Revenue Officer; and Mr. Eric Gelb Assumes Senior Vice President of Business Development

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Secaucus, NJ (Vocus/PRWEB) March 22, 2011

Emerging Payments Technologies Inc., creator of the alternative payment solution CredEx

Former Freddie Mac Senior Vice President Joins The Collingwood Group As Special Advisor

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(PRWEB) July 27, 2011

The Collingwood Group announced today that it has retained Manoj K. Singh as a Special Advisor, working with the Collingwood Group to bring his unique expertise in risk management along with his senior level experience on Wall Street. In his new role, Dr. Singh will work with The Collingwood Group to further help clients navigate the business opportunities that exist in Washington as a result of the housing crisis.

Dr. Singh has a lengthy and strong background in Financial Services. Most recently Senior Vice President of Pricing and Securitization (Single Family) and, before that, Senior Vice President, Head of Market Risk Management for Freddie Mac, he worked closely with the credit guarantee business, managed the profitability of the Single-Family Credit Guarantee business, identified key drivers of credit risk, and developed recommendations for the corporate costing models, creating strategies to expand and improve Freddie Macs mortgage securities funding alternatives and overseeing its cash execution program. His primary responsibilities included pricing the guarantee fees under Freddie Macs Mortgage Backed Securities Program and the issuance of pass-thru as well as structured securities. In addition to Single-Family Sourcing, Dr. Singh worked closely with Credit Management, Investments & Capital Markets, Credit and Counterparty Risk Management, and Operations.

Prior to joining Freddie Mac, Dr. Singh held executive-level positions with Bear, Stearns & Co (Senior Managing Director, FAST Group), Lehman Brothers, Inc. (Senior Vice President, Risk Management), and Wasserstein Perella Capital Management (Vice President, R&D). His thirteen years of experience with Wall Street provided him with the knowledge to help investors pursue mortgage and real estate assets while enabling them to identify the true risks and value of their targets. His career started in academia, as Assistant Professor of Finance at Boston College.

We are delighted to welcome Manoj to The Collingwood Group team, said Tim Rood, a Partner with The Collingwood Group The Collingwood Group announced today that it has retained Manoj K. Singh as a Special Advisor, working with the Collingwood Group to bring his unique expertise in risk management along with his senior level experience on Wall Street. In his new role, Dr. Singh will work with The Collingwood Group to further help clients navigate the business opportunities that exist in Washington as a result of the housing crisis.

Dr. Singh has a lengthy and strong background in Financial Services. Most recently Senior Vice President of Pricing and Securitization (Single Family) and, before that, Senior Vice President, Head of Market Risk Management for Freddie Mac, he worked closely with the credit guarantee business, managed the profitability of the Single-Family Credit Guarantee business, identified key drivers of credit risk, and developed recommendations for the corporate costing models, creating strategies to expand and improve Freddie Macs mortgage securities funding alternatives and overseeing its cash execution program. His primary responsibilities included pricing the guarantee fees under Freddie Macs Mortgage Backed Securities Program and the issuance of pass-thru as well as structured securities. In addition to Single-Family Sourcing, Dr. Singh worked closely with Credit Management, Investments & Capital Markets, Credit and Counterparty Risk Management, and Operations.

Prior to joining Freddie Mac, Dr. Singh held executive-level positions with Bear, Stearns & Co (Senior Managing Director, FAST Group), Lehman Brothers, Inc. (Senior Vice President, Risk Management), and Wasserstein Perella Capital Management (Vice President, R&D). His thirteen years of experience with Wall Street provided him with the knowledge to help investors pursue mortgage and real estate assets while enabling them to identify the true risks and value of their targets. His career started in academia, as Assistant Professor of Finance at Boston College.

We are delighted to welcome Manoj to The Collingwood Group team, said Tim Rood, a Partner with The Collingwood Group. We have advised our clients that the watershed moment of asset sales is upon us and his unique expertise will be invaluable to our private equity and hedge fund clients looking to buy or sell mortgage and real estate assets”.

Brian Montgomery, Vice Chairman of The Collingwood Group, agrees. Manoj brings a unique set of skills to our company and our clients that will further enhance our competencies in providing an integrated mix of high level business advisory services. His involvement with our firm will supplement our already wide range of proficiencies in assisting our financial services clientele.

Dr. Singh received his Bachelors Degree from the Indian Institute of Technology in Kanpur, and both his Masters of Science Degree and his Ph.D. from Purdue University. His has published numerous research publications, and is a frequent presenter at industry conferences. He has refereed journals such as Management Science, Journal of Financial and Quantitative Analysis, Journal of the American Real Estate and Urban Economics Association, and Journal of Financial Research, and was a book reviewer for the Journal of Finance. He and his family live in McLean, Virginia.

About The Collingwood Group

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

Contact:

Debra Kaufmann

The Collingwood Group

dkaufmann(at)collingwoodllc(dot)com

o: 202.626.9724

m: 301.252.3582

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Former Freddie Mac Executive Vice President & Chief Credit Officer Joins the Collingwood Group as Senior Advisor

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Washington, DC (PRWEB) October 18, 2011

The Collingwood Group announced today that it has retained Ray Romano as Senior Advisor, working with the Collingwood Group to bring his unique expertise and executive leadership in the areas of risk management for consumer and multi-family mortgage products. Romano is a mortgage finance industry veteran with more than 26 years of wide-ranging experience in the areas of credit risk, operations risk, mortgage servicing, financial management, strategic planning, and capital markets. In his new role, Romano will work with The Collingwood Group to further help clients navigate the business opportunities that exist in Washington as a result of the housing crisis.

Romano has a lengthy and distinguished background in Financial Services. Most recently he served as executive vice president and chief credit officer at Freddie Mac. Prior to joining Freddie Mac, where he began as senior vice president of Credit Risk Oversight, Romano held executive level positions with Washington Mutual (SVP chief credit and risk management officer Home Loans Group), North American Mortgage Company (SVP chief credit & compliance officer, Mortgage Banking), and Dime Savings Bank of New York, FSB (VP director of Underwriting Operations). Early in his career, he was assistant manager of CitiCorps North American Investment Bank in New York and Assistant Supervisor, Residential Lending Operations with The Dime Savings Bank of New York, FSB.

Ray brings strong leadership and valued expertise in an area that is highly needed in todays mortgage market, said Brian Montgomery, vice chairman of The Collingwood Group. His involvement with our firm will supplement our already wide range of proficiencies in assisting our financial services clientele.

Tim Rood, a partner with The Collingwood Group, agrees. We are delighted to welcome Ray to The Collingwood Group team. His vast experience in risk and credit management will help us to even further enhance the benefits that The Collingwood Group brings to our clients.

Romano received his Bachelors Degree in finance and economics from Long Island University.

About The Collingwood Group

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

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SFG Finance Names Robert Chickowski Senior Vice President-Manager of Portfolio Acquisitions

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Arlington, TX (PRWEB) March 26, 2012

SFG Finance LLC (http://www.sfgfinance.com), a purchaser of auto paper from BHPH dealers, new car franchise dealers, finance companies, banks and credit unions, today announced that it has named Robert Chickowski as senior vice president-manager of portfolio acquisitions. As a member of senior management, Chickowskis responsibilities include supervision of due diligence and portfolio acquisition.

Chickowski brings to SFG Finance over 40 years of experience in the consumer and commercial finance industry, particularly in the areas of due diligence and portfolio acquisition. Prior to SFG Finance, Chickowski served as senior vice president/due diligence manager with Regional Acceptance Corp. During his 6 years with the company he and his team purchased over 1 billion in receivables. Prior to that, he spent several years at FSB Financial, where he managed several departments, including loan servicing and asset remarketing, assisted on due diligence, and his team purchased over 150 million in receivables.

We are very fortunate to have Bob as part of our management team, said SFG Finance COO Henry Gonzalez. He is uniquely qualified to help us leverage our leadership position in the marketplace and expand our market share.

In addition to SFGs long history of purchasing both sub-prime and near prime auto loans, SFG Finance recently launched a program to purchase existing BHPH auto loan portfolios from franchised and independent auto dealers, as well as their related finance companies. Portfolio sizes range from $ 500,000 to $ 150 million, are held on the balance sheet and serviced internally.

The program is highly efficient with a seven to ten day total turnaround from analysis to closing, and will target accounts with as little as 30 day seasoning. Since its inception SFG Finance has actively purchased and closed portfolios from dealers and finance companies nationwide.

Funding for the program is made possible by SFGs parent bank, with the additional advantage of a more stable cost of funds and without the need to securitize. SFG Finance offers complete transparency and up-front pricing based upon its superior analytics. A due diligence team will evaluate all loans in order to maximize the selling dealers return without interrupting the dealerships existing business, ensuring a seamless transition.

About SFG Finance:

SFG Finances tagline is: Turning Paper into Profit One Relationship at a Time. The company is an active purchaser of auto finance receivables and its executive management team has over 75 years of combined industry experience. It is a wholly owned affiliate of Southside Bank, one of the nations largest independent banks with approximately 3 Billion in assets. SFG Finance buys sub-prime through near prime auto paper, servicing released, from banks, credit unions, auto dealers, and other financial institutions nationwide. The companys aggressive pricing and experience across all credit spectrums make it an industry leader. For more information visit: http://www.sfgfinance.com or call: 866-590-7734.







Former Senior GSA Govt Joins The Collingwood Group as Handling Director

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Washington, DC (PRWEB) Might 02, 2012

The Collingwood Group announced these days that Barney Brasseux has joined the firm as a Taking care of Director to help the company and its clients grow their government contracting work. Brasseuxs addition is part of Collingwoods continuing dedication to its consumers organization good results in Washington.

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Brasseux will also support Collingwoods assorted supplier efforts, which concentrate on advertising little and diverse companies seeking to increase their companies company within the monetary solutions sector in the two the govt and non-public sectors.

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Ahead of becoming a member of Collinwood, Brasseux experienced a long and distinguished career with a variety of organizations of the Federal Govt, which includes two decades with the General Providers Administration (GSA). Prior to his retirement from GSA in 2010, Brasseux served as Deputy Administrator from 2008 – 2010. Prior to that, Brasseux held Deputy and Assistant Commissioner postings with GSAs Federal Acquisition Services, and was the Federal Supply Companies Chief of Workers. In 2007, Brasseux gained the Presidential Rank Award for Meritorious Support.

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Barney Brasseux brings an unparalleled stage of perception and encounter in govt contracting processes and methods to our organization at a time when the demand from customers for that exclusive encounter is especially acute, explained Brian Montgomery, Chairman and Managing Director of The Collingwood Group. We also expect Brasseuxs govt contracting encounter to be particularly useful in assist of Collingwoods various provider partners and clients. 1 such organization that Barney will be supporting quickly is our business partner AITHERAS, an 8(a) agency with outstanding government contracting qualifications, including their recent perform in assist of Arlington Countrywide Cemetery, extra Montgomery.

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I am thrilled by my affiliation with The Collingwood Team. Their agency is exclusive in the fiscal companies industry and in the region of government contracts in certain, stated Brasseux. Businesses frequently talk about marketing tiny and diverse organizations in government contracting, but I am most impressed with Collingwoods endeavours in support of the small and assorted organization group. Their expertise and knowledge is a must have to the two these tiny and assorted businesses and their huge firm clients that can associate with these businesses, he included.

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About The Collingwood Team&#thirteen

The Collingwood Group (http://www.collingwoodllc.com) is a Washington, DC-primarily based business advisory organization centered on expanding clients companies, marketing revenue growth and growing expense returns. The agency is led by Brian Montgomery, former Assistant Secretary for Housing and Federal Housing Commissioner. Montgomery played a main function in the federal governments endeavours to deal with the nations fiscal disaster and restore stability and liquidity to fiscal marketplaces. The corporations other founders have held management positions inside of other businesses in the financial services market, including the GSEs. Collingwoods experience spans all factors of Agency, non-Company and FHA/VA housing funding plans Ginnie Mae securitization activities domestic and international secondary market place activities and troubles principal and specific servicing total asset lifecycle vendor and expertise administration and all factors of portfolio owing diligence, acquisition, house administration and asset disposition.

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SFG Finance Senior Vice President Robert Chickowski to Retire Jan 31, 2013

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ARLINGTON, Texas (PRWEB) January 08, 2013

SFG Finance LLC (http://www.sfgfinance.com), a purchaser of vehicle paper from BHPH sellers, new vehicle franchise sellers, finance organizations, banking institutions and credit unions, right now announced that Robert Chickowski, Senior Vice President of Acquisitions, will retire January 31, 2013.

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Chickowskis selection to retire will come after 46 a long time in the customer and business finance market. He began his occupation with House Finance in 1967 and has held senior management positions with ITT Finance, Citibank and Citicorp, Advanta Car Finance Corporation, Motorcar Acceptance Corporation, FSB Financial, Regional Acceptance Company and he has expended the previous 10 many years with FSB, Regional, and SFG Finance.

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I have known Bob for many years and have enjoyed functioning with him at several businesses like FSB Fiscal, Regional Acceptance Company, and SFG Finance. He will be significantly missed, but I am fired up to see him go on to the next chapter of his existence as a retired govt, explained Steve Burke, President and CEO of SFG Finance. Concerning the impact on SFGs acquisitions method, Burke said, Bob leaves a massive part to fill, and I know we will find the right individual for the placement.

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Since its inception, SFG Finance has actively acquired and closed portfolios from sellers and finance organizations nationwide. Portfolio dimensions variety from $ 500,000 to $ a hundred and fifty million, servicing unveiled.

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Funding is manufactured feasible by SFGs mother or father lender, with the added gain of no want to securitize additionally a a lot more secure expense of money. SFG Finance delivers total transparency and up-entrance pricing based on Its exceptional analytics.

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SFG is a wholly owned subsidiary of Southside Bank, a single of the nations greatest impartial banking institutions.

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About SFG Finance:

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SFG Finances tagline is: In which Relationships and Integrity Issue. The firm is an active purchaser of automobile finance receivables, and its govt professionals every single have above 30 years of market encounter. It is a wholly owned subsidiary of Southside Lender, a single of the nations largest impartial banking companies with approximately $ three Billion in property. SFG Finance buys BHPH by means of tremendous prime auto paper, servicing introduced, from banking companies, credit rating unions, vehicle sellers, and other economic establishments nationwide. The companys aggressive pricing and knowledge across all credit score spectrums make it an sector leader. For more details go to: http://www.sfgfinance.com or get in touch with (800) 994-0898.

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