Study Group: Title Insurance Experts: Mortgage Professionals
Council Members in this Study Group: 27
This study group may include experts knowledgeable on commercial banking, retail banking, asset management, mortgages, consumer finance, exchanges, capital markets, transaction processing, credit cards, insurance, and business services.
Contact Gerson Lehrman Group to survey or consult with members of this Study Group
Leading institutions connect with members of this Study Group through GLG
Leading Experts in this Study Group
Brian HershkowitzChief Executive Officer
Maximum Value Group
Brian F. Hershkowitz is Chief Executive Officer of Maximum Value Group, a consulting firm focused on providing advice to private equity and other market participants in the area of banking and mortgages. Prior to starting his own practice in Dec 2006,...
- Joseph Smith
President & CEO
Default Mitigation ManagementJoseph Smith is the President and Chief Executive Officer at Default Mitigation Management (DMM), an industry leader in mortgage workouts. DMM works with both borrower and the lender to resolve defaulted loans. The firm has worked or is working with the...
Gregory SampPrincipal
Maximum Value Group
Gregory Samp retired from Lender Processing Services (LPS/FIS)and is currently serving as a Principal with a consulting firm, Maximum Value Group. He has spent thirty years overseeing virtually every Mortgage Banking operational function including loan...
GLG NewsSM Analyses by this Study Group's Leading Experts(?)
Opinions and analyses expressed in GLG News are solely those of the author. See the Terms of Use for details.
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Will only owrk if they do something with the mortgages!
December 12, 2008
Analysis by: Joseph Smith, President & CEO,RBS Promises Borrowers Six-Month Respite Before Foreclosing on Mortgages | www.bloomberg.com
1. Only works if the loans are re-performed. 2. Can be a rat in the snake waiting to pass. 3. Can make the situation worse with failure to reperform 4. There are good and bad modifications
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Blame the models and Risk Based Pricing
September 30, 2008
Analysis by: Joseph Smith, President & CEO,Why Risk Models Failed to Spot the Credit Crisis by Adam Davidson | www.npr.org
Models only cover certain variables and the crisis involved much more than mortgage pricing and a few macroeconomic issues. Risked based pricing as used in the mortgage industry had an underlying flaw that caused the models to fail. Greed played the other part.
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What to expect from the bailout.
September 12, 2008
Analysis by: Joseph Smith, President & CEO,U.S. bails out Fannie Mae, Freddie Mac, ousts CEOs | www.bizjournals.com
1. Shows how truly bad the mortgage industry has gotten and how scared the feds are of where we are going. 2. If the major source of liquidity can not survive, who will? 3. What should be the outcome.
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May 28, 2008
Analysis by: Joseph Smith, President & CEO,UBS Falls After Saying More Mortgage Losses Possible | www.bloomberg.com
The news is not good for UBS. The amount of mortgage holdings in US and Non-US declining markets will lead to further losses. 1. $45 B of additional US Mortgage Holdings. 2. An undisclosed amount of non-US mortgage holdings. 3. A UK and Eurpoean mortgage market that is going down as well. 4. The slump in home prices is not over and is impacting performing mortgages.
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The Real Write Downs - Whats in a number
May 27, 2008
Analysis by: Joseph Smith, President & CEO,Banks Keep $35 Billion Markdown Off Income Statements | www.bloomberg.com
The article is right on target in pointing out the various issues around bank reporting their losses todate. 1. Allowable accounting standards. 2. Permanent versus Temporary Losses 3. Capital Requirments The article goes on to highlight the various issues around soveriegn wealth funds, capital levels and loan leverage. The article ends with a list of "hidden losses" by various financial institutions. The interesting part of the article is the acknowledgement of an additional $35 B to be taken by the banks. The bigger issue is the losses to be taken by the investors.
Members in this Study Group include these company types:
- Residential Mortgage Origination
- Full Service Residential Mortgage
- Consulting Firm
- Operative Builder/Developer
- Insurance Company
- Brokerage/Agency
- Software & Services
- Independent Consulting Firm
- Commercial Mortgage Origination
Members in this Study Group often have these job titles:
- President
- Director
- Chief Executive Officer
- Loan Officer
- Principal
- Sales and Marketing Director
- IT Manager
- Director of Sales
- Consultant
- Loan Processor
- Associate
- Operations Executive
Related Study Groups
| Study Group Name | No. Members |
|---|---|
| Title Insurance Experts | 111 |
| Mortgage Brokers | 1035 |
| Retail Mortgage Origination Experts | 1228 |
| Sub-Prime Lending Experts | 590 |
| Subprime Mortgage Experts (US) | 531 |
| Council Members Knowledgeable on Mortgage Guaranty Insurance | 202 |
| Mortgage Servicing Experts | 219 |
| Mortgage Insurance Experts | 137 |
GLG Live Meetings with this Study Group's Leading Experts (?)
April 28, 2009 | Boston
GLG Seminar: (BOS) Current State of Residential Mortgage MarketApril 23, 2009 | New York
GLG Seminar: (NYC) Current State of Residential Mortgage MarketSeptember 11, 2008 | New York
GLG Panel: (NYC) US Homebuilding and LendingGLG Webcasts & Teleconferences
Leading Experts in Title Insurance Experts: Mortgage Professionals have not participated in any GLG webcasts.
View All GLG Webcasts & Teleconferences in Financial & Business Services