Gerson Lehrman Group - Intelligently Connecting Institutions and Expertise.

GLG Topic: Subprime Mortgage Industry

Subprime Mortgages are loans made to borrowers who are high credit risks. These borrowers generally have credit scores under 620 and are at risk of not being able to fully repay the lender. Subprime loans charge higher interest rates than prime loans. As a result, the loans can be very attractive to lenders and investors in the mortgage industry. Lenders use a process called "risk-based pricing" to determine mortgage rates and terms.

Leading Experts: Subprime Mortgage Industry

Joseph Chatham

President
Chatham Mortgage Partners Inc.
What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Joseph Chatham is the President of Chatham Mortgage Partners, a California-based residential mortgage brokerage and consulting firm. 2009 marks his 20th year in the mortgage origination industry, mostly as a mortgage broker. His experience includes, but is not limited to, brokerage management andownership,...

Tom LaMagna

Director
AURIEMMA CONSULTING GROUP INC
What is a GLG Educator?|GLG Educators have qualified for GLG Member Programs and are therefore eligible to participate in ongoing in-depth consulting projects with GLG clients.What is a Premium Council Partner?|Premium Council Partners are leading Professional Service Firms that work exclusively with GLG.

Tom LaMagna is a Director at Auriemma Consulting (ACG), a consultancy that specializes in the credit, debit, and private label card markets. Tom will be prepared to address operational practices and technologies for lending institutions. At ACG Tom manages the ACG Industry Roundtables and benchmark...

Maureen Bolton

Principal
Global Capital Access
What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Maureen Bolton is the Principal of Global Capital Access, a structured finance advisory firm specializing in developing securitization programs for domestic and international clients and advising hedge funds and private equity firms on making strategic investments and acquisitions. Ms. Bolton advises...

Joe Garrett

Principal Consultant
Garrett, Watts & Co
What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Joe Garrett is the Principal of Garrett, Watts and Company, a San Francisco-based advisory firm offering mortgage banking consulting to banks, warehouse lenders, thrifts and mortgage companies. Mr. Garrett served as Chief Executive Officer and President of Sequoia National Bank and as Chairman, President...

Randall McCathren, President, BLC Associates, Inc.Randall McCathren

President
BLC Associates, Inc.
What is a GLG Educator?|GLG Educators have qualified for GLG Member Programs and are therefore eligible to participate in ongoing in-depth consulting projects with GLG clients.What is a Premium Council Partner?|Premium Council Partners are leading Professional Service Firms that work exclusively with GLG.

Randall McCathren is the President and General Counsel of BLC Associates, a national auto finance consulting firm whose clients include virtually every major lessor and finance company doing business in the United States. He has over 25 years of experience in the auto finance industry and specializes...

View All Leading Experts in Financial & Business Services

GLG NewsSM Analysis: Subprime Mortgage Industry(?)

Opinions and analyses expressed in GLG News are solely those of the author. See the Terms of Use for details.

Shake-up in the Mortgage Market

May 25, 2009

House Passes Bill Against Predatory Mortgage Lending - The Caucus Blog - NYTimes.com | thecaucus.blogs.nytimes.com

The financial meltdown has had its positive effect - that of transforming markets and making corrections.  The new regulations aim at curbing leverage and encouraging pre-payments.  These regulations will ensure that the mortgage market does not lose in significance and at the same time both...

Mortgage Industry: Closing the door after the horses are out!

May 12, 2009

Martin Alpert, Claim Director, CAMBRIDGE INTEGRATED SERVICES GROUP INC

House Passes Bill Against Predatory Mortgage Lending - The Caucus Blog - NYTimes.com | thecaucus.blogs.nytimes.com

Does there really have to be laws to enforce the laws? Is Congress just putting a band-aid on the real problem?

Residential Mortgage Application Market Still Dominated By Fear

May 11, 2009

James McMahon, President, JM Bear Advisors

Abbey says mortgage market is set to grow | www.timesonline.co.uk

We are clearly at the trough of this cycle. Except for some speed bumps ahead which will all be different in size and lenght we have some time before we see a ramp up. Consumer skepticism in the existing and new housing market still dominated by consumer fears of job stabiity and housing prices.

Commercial Mortgage Refi Dilemma Much More than CMBS Issue

June 3, 2009

Panel Says Commercial Lending Losses on the Rise | www.google.com

The paucity of refinancing available for commercial real estate properties has massive implications for banks, CMBS investors and commercial real estate equity values. The sheer volume of commercial real estate mortgages coming due in the next 24 months that will not be able to obtain refinancing is...

Residential Mortgage Rates Fall Again This Week....Does it Matter ?? What Is the Tipping Point?

May 25, 2009

James McMahon, President, JM Bear Advisors

Consulting Management Platform | /news.glgroup.com/CM/Request/Requests.aspx?type=a

This week we saw residential mortgage rates fall even lower for almost all loan programs. However, the question needs to be asked..Does it really matter at this point in time. If rates dropped into the 300 basis point range would there be a rush by the public to buy new or exiting housing stock?

View All GLG News in Financial & Business Services

Leading institutions connect with members of the Financial & Business Services councils through GLG

Get Intelligently Connected
with the world's leading experts

GLG's 850+ Clients Include:

More than 70% of the world's leading
mutual funds
15 of the leading 20
global banks
7 of the leading 10
global private equity firms
5 of the leading 10
AmLaw firms
Fortune 500® Companies
in nearly every industry sector, including pharmaceuticals, insurance, chemicals, energy and computer software