The Crowne Plaza
Times Square Manhattan
1605 Broadway at 49th Street
New York, NY 10019
Welcome to Buying & Selling Distressed Mortgage Portfolios Forum
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Join us at the
4th Annual Buying & Selling Distressed
Mortgage Portfolios Forum
June 20-21, 2013
The Crowne Plaza Times Square Manhattan, New York, NY
Brochure now available
Don't wait! Register now and save $200 off the onsite rates. Register online
Or register by phone and call (212) 803-8348
Powerhouse Presenters | Solutions-Based Sessions
TRULIAs Chief Economist and VP of Analytics, Jed Kolko will be presenting "National Housing Market Update"
SUFFOLK BANCORP's President, CEO and Director, Howard Bluver will present on "Turnaround Tips from Aggressive NPL Sales"
FEDERAL RESERVE BANK OF NEW YORK's EVP and Senior Advisor to the President, Joseph Tracy will present an "Economic Update"
View additional presenters and sessions online.
The 4th Annual Buying & Selling Distressed Mortgage Portfolios Forum, taking place at the Crowne Plaza Times Square Manhattan, is your market place for networking with bank/mortgage lenders considering distressed asset sales and the investor/buyer considering distressed asset purchases.
This conference offers an unparalleled opportunity to share the latest in innovative programs, best practices and strategic planning with all professionals involved in buying and selling of distressed mortgage notes.
Distressed Mortgages By The Numbers
"Through the first two months of this year, sales of more than $5.2 billion of residential loans and $1.9 billion of commercial loans were announced, a pace that could lead to a 20% to 40% jump in overall sales this year," says David Tobin, a principal at Mission Capital Advisors, a New York loan advisory firm. Tobin expects distressed single-family loan sales to jump 40% this year, to $18.2 billion, up from $12.7 billion in 2012. —American Banker
"We anticipate demand to remain robust under continued pressure for banks to shed problematic assets," said R. Patterson ("Pat") Jackson, chief executive officer of Sabal Financial Group. —MarketWire
"This is going to be one of the largest years where distressed mortgages are being offered by banks," Stanford L. Kurland, the chairman and chief executive of PennyMac said.
"Expectations are that $3 billion to $10 billion in distressed loans could hit the market this year," says Derek Katz, a managing director at MountainView Capital Group. —American Banker
"Market demand far exceeded supply in the second lien space last year, and we are expecting several more pools to come to market in the first quarter of 2013," added Jonas Roth, a managing director at MountainView Capital Group. —HousingWire
Chairman Wesley Edens (of Fortress) said on Feb. 28 that it was interested in the non-performing loan market, which has a robust pipeline. It seems like this could be the year where a lot of that does break loose, Edens said. You have the agencies that own many hundreds of billions of dollars in non-performing loans. —Washington Post