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.
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Leading Experts: Subprime Mortgage Industry
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Chief Executive Officer
Tri-Emerald Financial Group
Michael McQuiggan is the Chief Executive Officer of Tri-Emerald Financial Group, a niche marketer of prime, non-prime, Alt A, FHA and second mortgage loan products. Mr. McQuiggan has more than thirty five years of experience in finance, mortgage banking and off shore business processing. He began his...
Mallory HillChief Executive Officer
Novelle Financial Services
Mallory Hill is the CEO of Novelle Financial Services, Inc., a nationwide FHA/HUD licensed originator of residential mortgages. Since 1997, Mr. Hill has owned and operated New Life Funding, a California retail mortgage lender. Previously, Mr. Hill was Co-Founder and Managing Director of Mortgages PLC,...
Chief Executive Officer
Excelsior Management Group
Rick Baldwin is the Chief Executive Officer of Excelsior Management Group, an equity mortgage banker based in Lake Oswego, OR. Most recently, he was the Director of Capital Markets at Meritage Mortgage, a wholesale sub-prime mortgage lender and subsidiary of Netbank. Mr. Baldwin has been in the sub-prime...
Principal
Global Capital Access
Maureen Bolton is the Principal in Global Capital Access, an investment consultation firm specializing in developing securitization programs for domestic and international clients. She specializes in advising clients on creating funding programs for a wide variety of consumer assets, structuring efficient...
Chairman and Chief Executive Officer
OAK STREET MORTGAGE LLC
Steve Alonso is the Founder, Chairman and Chief Executive Officer of Oak Street Mortgage, an Indiana-based mortgage firm. Under his leadership, the company grew from a small start-up in 1999 to one of the top lenders in the United States. From 1993 to 1999, Mr. Alonso was the President and Chief Executive...
Study Groups: Subprime Mortgage Industry(?)
GLG NewsSM
Analysis: Subprime Mortgage Industry(?)
Implications: 1.Expectations - "Awareness of a Correction", which MAY lead to a sharp price downside for a prolonged period of time. 2.The role of the U.S. Central Bank - a reduction of the Federal Funds Rate,credit market losses and Sub-Prime Mortgage market are , indeed, viable indicators of the Financial...
This article is important because if it were not for the fright of our banks over sub-prime loans we would not be in this mess in the US and now they are threatening the foreign markets. Banks play an integral role in our secondary markets and because of that and their bearish beliefs on a sector of...
The Sub-Prime issues have become just that another issue that needs to be worked out. This is a great topic and everyone has his or her idea of what is happening and when it will stop. That in itself lends to great conversation, i on the other hand think the market is cleaning itself and removing the...
The sub-prime crisis is to an extent a creation of Accountants and Auditors. Had the accounting/auditing profession properly presented the value of derivative instruments held by banks, hedge ...
Long gone are the days of double digit appreciation in home values as money tightens among fears of rising foreclosures. Foreclosures that could have been stopped if the secondary market had not stopped funding loan pools that included sub-prime loans. Now people with 2 and 3 year sub-prime loans do...
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Seminars: Subprime Mortgage Industry(?)
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