196 episodes

Produced by Capital Markets Today, host Louis Amaya, discusses capital markets, whole loan /MSR/ secondary trading, real estate and mortgage lending with industry experts.

Capital Markets Today Capital Markets Today

    • Investing

Produced by Capital Markets Today, host Louis Amaya, discusses capital markets, whole loan /MSR/ secondary trading, real estate and mortgage lending with industry experts.

    C-19, "Another Real Estate Crash Is Coming", Qazi, PhD Candidate Unv. of London

    C-19, "Another Real Estate Crash Is Coming", Qazi, PhD Candidate Unv. of London

    The COVID-19 crisis, like the subprime mortgage crisis a decade ago, has sparked major public interventions to stabilize the financial markets. But the Fed isn’t stepping in to bail out the real estate sector — and the big losers are set to be ordinary households.
    This is the intro to an article title “Another Real Estate Crash Is Coming” written by Shehryar Qazi, a doctoral student and researcher in political economy at the University of London
    We are fortunate to have Shehryar on the podcast today to discuss the article and obtain his thoughts on how the real estate market will play out over the next 18-24 months.  Shehryar is a PhD Candidate in the department of economics at the University of London and is the coordinator for the universities “Political Economy of the COVID-19 Crisis” project.

    • 38 min
    C-19, Secondary Mkt Loan Sales: Opportunity or Business as Usual, LeBlanc-DebtX

    C-19, Secondary Mkt Loan Sales: Opportunity or Business as Usual, LeBlanc-DebtX

    For distressed debt buyers, it could be the calm before the storm.  Some deals are floating about with investors pricing them as a sort of reconnaissance exercise to determine the bid/ask levels.
    The first wave to hit was leveraged lenders, but most expect a sharp increase in deal flow by the 3rd or 4th quarter once participants on both the buy and sell side have more transparency on how the Covid-19 issue will play out.
    Joining the podcast to discuss the approaching NPL opportunity is David LeBlanc, Managing Director at DebtX.  David covers banks, investment banks, opportunity funds, hedge funds and other institutional investors active in the secondary market. David previously ran DebtX's trading desk for 10 years, including during the great financial crisis. He has traded over $30B in distressed and performing commercial and residential real estate and corporate debt in the secondary market. 

    • 33 min
    COVID-19, Impact On Trading Alternative Whole Loans, Stephen Bones-Banes Capital

    COVID-19, Impact On Trading Alternative Whole Loans, Stephen Bones-Banes Capital

    In just a matter of days, origination of alternative loans, known as “non-QM lending,” came to an abrupt halt.  Non-QM investors worry about risk in an economy shaken by COVID-19 and have stopped buying new loans.
    Non-QM lenders now have loans sitting in their pipeline with no buyers.  This creates a problem for lenders as most are not set up to own loans and are required to move the loans off their warehouse lines.
    Joining the podcast to discuss buying and selling in the alternative loan market is Stephen Bone, Head of Whole Loan Trading at Banes Capital Group.  Stephen’s desk trades non-governmental guaranteed residential and commercial whole loans.

    • 32 min
    COVID-19, Prepare Your Florida Portfolio For Surge In FC & BKs, Howard Law Grp

    COVID-19, Prepare Your Florida Portfolio For Surge In FC & BKs, Howard Law Grp

    More than 10 million people applied for unemployment benefits in the last two weeks of March due to Covid-19 and some analysts predict the unemployment rate could climb to 25%.  Florida was hit hard in the 2008 crash and many in the state fear the Covid-19 shut down could result in more foreclosures and bankruptcies seen in past recessions.
    Joining the podcast to discuss what to do now to prepare your portfolio for increased defaults in Florida is Harris Howard, managing partner of the Howard Law Group.  Harris focuses his practice on the representation of servicers and investors in real estate litigation. 

    • 26 min
    COVID-19, Home Sales & Values, Daren Blomquist, VP Market Economics, Auction.com

    COVID-19, Home Sales & Values, Daren Blomquist, VP Market Economics, Auction.com

    As we head into the spring home selling season, economist are predicting a dismal performance.  There are estimates that home sales could fall by 35% annually compared with previous years.  Analysts are watching closing to see if the strong monetary policy implemented in conjunction with pent up demand will create a positive rebound over the summer.
    Joining the podcast to discuss housing is Daren Blomquist, Vice President of Market Economics at Auction.com.  Daren analyzes economic data trends within the real estate market in an effort to create a more efficient marketplace for distressed sellers and buyers.

    • 30 min
    COVID-19-Lending and Margin Calls, Nyitray, Director of Cap Mkts-Ark Mortgage

    COVID-19-Lending and Margin Calls, Nyitray, Director of Cap Mkts-Ark Mortgage

    The bond purchasing program initiated by the fed along with the impact of COVID-19 has created extreme volatility in the 10-year treasury which influences long-term mortgage rates.  Just this month, the 10-year ranged from 45 basis points to 1.2%.
    As a result of the erratic bond movement, there has been a wave of margin calls by broker-dealers who sold hedges to mortgage bankers quickly eroding the bankers working capital.
    Joining the podcast to discuss the mortgage market is Brent Nyitray, Director of Capital Markets at Ark Mortgage.  Brent is also the author of the Daily Tear Sheet’s, “Morning Report”, a daily update on financial markets and the economy.

    • 35 min

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