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.
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
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 AccessMaureen 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 & CoJoe 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 McCathrenPresident
BLC Associates, Inc.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...
Study Groups: Subprime Mortgage Industry(?)
| Study Group Name | No. Members |
|---|---|
| Mortgage Brokers | 1041 |
| Retail Mortgage Origination Experts | 1234 |
| Subprime Mortgage Experts (US) | 528 |
| Mortgage Professionals (Illinois) | 102 |
| Correspondent Mortgage Lending Experts | 160 |
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.
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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...
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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?
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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.
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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...
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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?
GLG Live Meetings Subprime Mortgage Industry(?)
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July 17, 2009 | Hong Kong
GLG Seminar: (Hong Kong) Mortgage Sector in China -
April 23, 2009 | New York
GLG Seminar: (NYC) Current State of Residential Mortgage Market -
April 28, 2009 | Boston
GLG Seminar: (BOS) Current State of Residential Mortgage Market -
May 19, 2009 | San Francisco
GLG Seminar: (SF) Securities Accounting and Valuation Changes -
March 17, 2009 | Webcast
GLG Webcast: Risk & Opportunity in Commercial Real Estate- March 17, 2009 at 4:30 PM ET/1:30 PM PT
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