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Venue


The Crowne Plaza
Times Square Manhattan

1605 Broadway at 49th Street
New York, NY 10019
Tel: 1-888-233-9527

Friday, June 21, 2013

11:45 a.m. -
Track: Residential View Track

PERFORMING WITH RE-PERFORMERS: A FUTURE FOR MODIFIED RESIDENTIAL LOANS IN YOUR PORTFOLIO OR ON THE SECONDARY MARKET

Moderator: Bill Bymel President of RSI Asset Management, SPURS CAPITAL
Ron Brandenburg Vice President, DANVERS RESIDENTIAL RECOVERY FUND II, LLC.
Hal Hermelee Principal and Founder, BANC OF MANHATTAN CAPITAL
Peter Slagowitz Chief Executive Officer, SPURS CAPITAL

Only a few years ago, there was little enthusiasm for approving modifications or buying re-performing loans.  That paradigm appears to be shifting.  More distressed loan owners are modifying and more buyers are stepping up to buy these re-performing modified loans at reasonable LTVs.  What is the future for modifications and how can you capitalize on the re-performing market?  Topics of discussion shall include:

  • Level of interest amongst secondary market buyers for re-performing loans
  • Balance forgiveness VS Balance deferment
  • Know the difference between a Good and Bad Modification
  • Factors in determining the value of a re-performing loan
  • Legal Perspectives on Modifications
  • Compliance considerations when choosing to modify or buy re-performers

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