Showing posts with label Roosevelt. Show all posts
Showing posts with label Roosevelt. Show all posts

Monday, January 27, 2014

Hey Investors I have the Brooklyn Bridge for sale, any takers?

If an investor looks at this and than invest, there either bottom feeders or total idiots. This is a making for a disaster .
First off they need to know how to use MERS. (Mortgage Electronic Registration System) which means a large majority of these loans are NPL's, have no note attached or will be a copy and not be able to provide accurate paperwork to them. To say otherwise , than your a bigger idiot than I gave you credit for, or your a desperate bottom feeder hoping to make a buck, but will  lose your ass. ( which you will by the way deserve) .

 Than we have this - files come in an image format and the subservicer currently used Lender Processing Services technology. BINGO! There's no paperwork , titles are junk , and they are robo signed ( so check titles) 

You invest in this your a fucking idiot who deserves to lose everything you own. Why don't you go down a freeway and open your windows and blow your money to the wind.. you would have better luck than this. 

REMEMBER THESE WORDS :::I TOLD YOU SO!!:::

"highly reputable" independent mortgage bank..hmmmm .. lets see we have York, Rushmore, Archbay,Roosevelt, or lets see Penny Mac. Yeah , right, and I am Bill Gates .. hahahahaha


Interactive Mortgage Advisors LLC, Denver, is exclusively brokering more than $1 billion low-coupon Ginnie Mae bulk residential mortgage servicing rights on retail-originated, subserviced loans.
An unnamed "highly reputable" independent mortgage bank is selling the loans, according to IMA. The loans have a wide geographic dispersion outside of a less than 19% concentration in Texas and less than 10% concentration in California.
Total delinquencies including foreclosures are slightly more than 4%. The 30-day delinquency rate is less than 3%. The loans' weighted average Fair Isaac & Co. credit score is 690. The weighted average interest rate is a little over 4% and the weighted average loan age is a little over nine months.
Thirty-year fixed rate mortgages dominate the portfolio, but it also includes 25-, 20- and 15-year FRMs. The majority of the properties are owner-occupied, but there are multifamily, condominium, townhouse, prefab, investment and second-home properties in the package as well.
Prospective purchasers must be approved Ginnie Mae servicers or have a structure in place with one who can take ownership and service on their behalf and should be equipped to handle loans registered with the Mortgage Electronic Registration System.
All loan files come in an image format and the subservicer currently used Lender Processing Services technology.
IMA is bids accepting bids through noon Mountain time on Feb. 5.

Saturday, June 29, 2013

USB Investors - heres your heads up


Real estate investment trusts (REITs) could soon turn from income investor darling to toxic portfolio sludge. It's already started: While the S&P 500 fell a few percentage points over the past month, REITs tumbled over 12% -- as measured by the Dow Jones REIT index (which covers over 90% of all publicly traded REITs):
(click to enlarge)
Worse still, if you back out dividends (which have been substantial), REITs have underperformed the broad stock market since mid-2010. Why the underperformance? For the past five-plus years, REITs enjoyed the double-edged sword of Fed policy. Low borrowing costs (of essentially zero percent) made it incredibly easy for these leveraged firms to borrow low and lend high.
But since rates can't go lower than zero, there's limited upside for REITs. Investors have kept one foot near the exit in anticipation of an inevitable rate hike when the Fed stopped (or hinted at stopping as we recently witnessed). That's because when rates rise, REITs will take it hard in the shorts.
First, profits will fall. That's because the "spread" between what they can borrow for and what they can lend for will narrow. When you can borrow at 0% and lend at 5%, you can leverage a billion dollar portfolio into hundreds of millions in profits. But what happens if rates jump to just 1%? That shrinks their profitability by one-fifth. If rates rise high enough, current loan repayment levels won't be high enough to secure new borrowing -- and REITs won't be able to secure a nickel of financing from anyone.
Companies like Annaly (NLY), considered to be one of the biggest and best run REITs, could see their current 12.3% dividend drop from double digits to zero -- and the stock will crater even further than it already has. When your business model is based on periodically refinancing long-term debt and pocketing the difference between borrowing costs and lending profits, you can expect huge gains when rates are super-low -- like they are right now.
But every REIT investor should be intimately aware of the other side of the sword. When (not if) rates rise, REITs will have a hard time. We currently own two REITs in our portfolio, but we're keeping a close eye on borrowing rates and, like every other REIT owner, we have one foot near the exit at all times. We'll let you know when things go from bad to worse for REITs.
Disclosure: None.

But here I will help you out.

The Roosevelt management trade  Dec 29th.2012, where they bought Archbay Holdings llc 2010B,  and than securitized it as a T-1 with USB as Trustee , is fraud. The houses were in foreclosure, titles are junk, Paperwork for them is fraud by Orion Financial Group, not the actual banks who owned them, and I know of one that has liens on them for 4 times the houses worth and 2 are Federal Liens as well . The actual worth of the house at the last appraisal in 2012 was 119.000.00 but their telling you 180,000.00 , the liens are well over 400,000.00 . Now don't you think you should be doing some checking yourselves? This is facts not fiction here and your being brought down that old 2005-2008 road. Remember I warned you.