Tag Archives: Restructuring

AnswerMine Launches Analytics-Based Options for Targeted Mortgage Restructuring and Portfolio Valuation

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Evanston, IL (Vocus) October 24, 2009

AnswerMine Group (http://www.answerminegroup.com) today introduced analytics-primarily based options for targeted mortgage restructuring, and mortgage portfolio valuation and danger management.

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AnswerMine’s Mortgage Analytics Service helps lenders and mortgage servicers target loans that are likely to default for restructuring or modification, primarily based on the predictive worth of granular credit data alternatively of generic credit scores. This service also optimizes the restructuring procedure, using AnswerMine’s models that adapt to the evolving economic situation and that improve as more modification information becomes available.

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AnswerMine’s Valuation and Hedge Analytics Service requires into account the new crucial variables that drive portfolio threat in today’s lending environment, such as the effect of restructuring techniques.

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AnswerMine can evaluate all or any part of a lender’s residential mortgage portfolio, in help of strategies to increase loan-modification programs, minimize delinquencies, provide options to foreclosure and boost the all round value of the portfolio.

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“With asset values at historic lows, the ability and willingness of borrowers to pay is a essential factor in portfolio efficiency,” mentioned Stuart Cornew, AnswerMine co-founder and managing director. “Lenders need to have much more than just FICO scores to comprehend danger. By analyzing a borrower’s credit behavior, AnswerMine supplies the basis for a targeted portfolio management approach to maximize the net present value to lenders and investors.”

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AnswerMine’s service recognizes that, for the duration of a period of declining true estate values, the creditworthiness of borrowers is increasingly the essential indicator of mortgage portfolio good quality. By analyzing credit data making use of a proprietary strategy AnswerMine aids lenders locate issue loans just before they become issues.

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“If you can get to those loans and modify or restructure them just before they default, you vastly enhance the likelihood of avoiding foreclosure,” Cornew explained.

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Cornew stated AnswerMine’s solution is positioned “at the convergence of data, analytics and technology,” and noted that the current economic crisis gives a historic 1st chance to apply these three variables in solving a dilemma with such wide-reaching effects.

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He also pointed out that AnswerMine is the initial commercially and technologically feasible targeting approach of its kind, and responds to the government’s challenge to apply targeted restructuring to the mortgage crisis.

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“AnswerMine takes targeting out of the realm of theory and into the realm of practice,” Cornew asserted.

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Cornew explained that banks would uncover worth in AnswerMine’s targeting analytics, even if they choose not to provide early loan modifications. “Our method gives lenders advance information of non-performing loans. They can apply that expertise in a variety of scenarios and methods, any of which might improve their portfolios’ overall performance.”

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AnswerMine combines banking and mortgage experience, proprietary data mining and mortgage analytics, and affiliated operations and plan-fulfillment resources to measure, handle and monitor the achievement of lenders’ approaches. The service can be produced available on a turn-important basis, such as outsourced contact center operations to proactively contact borrowers, execute a client’s particular modification method and decide the optimum modification or restructuring answer.

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Valuation and Hedge Analytics recognize financial realities

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AnswerMine constructed its Valuation and Hedge Analytics Service on the understanding that borrower credit and residence prices will continue to be the crucial threat elements affecting mortgage and servicing portfolio composition throughout the coming years. By recognizing the altering relative significance of these underlying aspects, AnswerMine’s innovative use of credit data to figure out mortgage performance and re-worth mortgage portfolios provides a competitive advantage in the new and evolving market place for mortgage primarily based assets.

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The Valuation and Hedge Analytics remedy monitors and analyzes a portfolio of whole loans or mortgage servicing rights, advising on valuation and forecasting expected losses and cash flows. The service contains reviewing all associated risks and suggested loss mitigation techniques inherent to portfolio management. As a outcome AnswerMine can advise firms on the suitable levels of loan loss reserves and economic capital, as well as the pricing of mortgage credit threat. Lastly, throughout instances like these of market place disruption, AnswerMine’s Valuation and Hedge Analytics can give a crucial independent evaluation of bank valuation models and assumptions.

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Analytics strategy uses whole information sets, not data samples

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AnswerMine’s information mining incorporates Info Obtain Theory to support a targeted portfolio management method. The method utilizes an entire data set – in this case, details on all borrowers within a portfolio – to get rid of classic sampling biases that plague other approaches. It also enables the discovery of greater-order interactions in big datasets, based on the capability to examine a number of combinations and sorts of variables (e.g., categoric and full-range numeric). And it examines so-named “non-parametric distributions” to discover anomalous variable relationships.

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By operating with entire data sets, rather than samples, AnswerMine finds relatively rare events and combinations of variables that typically go undetected making use of other methodologies. This delivers the level of transparency that AnswerMine clientele demand for successful execution and regulatory reporting.

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About AnswerMine Group

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AnswerMine Group builds forecasting and segmentation models for effective application across several business segments. Using propriety analytic computer software, AnswerMine has refined and perfected the theory and strategy of information analysis into an correct, fast and versatile practice.

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AnswerMine Group employs a philosophy to “let the information speak.” Its technologies analyzes huge datasets for profiles that hyperlink outcomes of interest with combinations of traits that can be used in predictive and segmentation models.

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In addition to methodological experience, AnswerMine’s professionals have substantial encounter in and knowledge of the industries the organization serves. Its staff pioneered the use of Information Acquire Theory and selection trees in several areas of company.

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For more details, please pay a visit to http://www.AnswerMineGroup.com.

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Make contact with:

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Mark Smith&#13

PReturn, Inc.&#13

312-371-6443

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Steve Nunley&#13

AnswerMine Group, LLC&#13

847-332-2500

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Salvaging the Economy Commercial Loan Restructuring

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Clearwater, FL (Vocus) July 23, 2010

As the economy stumbles along, Guardian Options has become inundated by large numbers of business owners with earnings producing industrial properties that call for loan restructuring to keep their doors open.

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The U.S. unemployment rate is nearly ten% according to official government statistics, but what the government fails to clarify is that these numbers do not represent individuals who are not eligible for unemployment positive aspects and part-time workers who would choose to be full-time. In reality, with those aspects deemed, accurate unemployment in the U.S. is closer to 17%.

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With the unemployment rate as high as it is, the last issue this nation needs proper now is a slew of securitized industrial home foreclosures on businesses that are employing men and women, said Jeramie Concklin, CEO of Guardian Solutions, a commercial loan restructuring firm that has been helping its customers avoid reaching the foreclosure stage and helping them return back into income-creating assts.

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Now add to this already dismal economic situation the fact that commercial actual estate sector analysts count on delinquency rates major to foreclosures to increase further by way of this year and to peak in late 2011, early 2012. Moreover, Deutsche Bank estimates that around $ 2 trillion in industrial mortgages are anticipated to come due inside the next 4 years.

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Brief of a loan restructuring, industrial home-owners might suffer the consequences of losing their income-generating asset, which subsequently will create even more undesirable repercussions on the economy. Lending institutions will really feel the effects severely if they have nonproducing assets in a industry flooded with foreclosed properties, adding to even additional illiquidity in the credit markets.

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The logical solution is for banks and commercial borrowers to agree on a mutually beneficial modification or restructure. There are various restructuring techniques a bank can take. 1 way is for banks to lower their prices permanently or temporarily, which can aid borrowers avoid foreclosure. A fractional drop in interest price could eradicate tens of thousands of dollars from a house-owners annual debt burden, and potentially, save hundreds of thousands if not millions for the lending institutions because now the house in query has avoided foreclosure.

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The point is to give borrowers the time and the tools required to stabilize the house and turn it back into a good-money-flow organization. Performing this enables the lending institution to book the house as a Performing Asset. An additional situation is how to effectively deal with the maturation of a loan. Banks might want to extend the maturity dates on loans to push back untenable balloon payments and keep the borrower in company. By undertaking this, the bank is guaranteeing the house continues to be a performing asset, not a liability that potentially demands to be sold at auction for an quantity below the existing Note.

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Due to the fact of the technical and legal elements involved with restructuring a industrial loan, numerous house-owners could ignore their position and accept foreclosure rather than operate proactively to save their investment. Commercial loan-restructuring firms exist, even so, and at times can aid stressed house-owners navigate the complicated procedures, negotiations and nuances connected with a successful loan exercise.

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Concklin added, Guardian Solutions addresses each and every home we represent individually in accordance with all the troubles at hand. As soon as we are prepared with each and every piece of relevant information and a realistic game strategy, we enter negotiations with the Unique Servicer, or in some circumstances the Master Servicer. Our intent is to constantly safe the best possible terms for the client whilst simultaneously addressing the issues of the lending institutions

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About Guardian Options:&#13

Guardian Options is the a single of nations biggest commercial loan restructuring organizations and is committed to assisting industrial home owners save their properties. The companys seasoned team is seasoned in a assortment of disciplines and in a position to offer customized restructuring solutions. For much more info, check out http://www.GuardianSolutions.org.

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Speak to:&#13

Jamie Sene&#13

Vice President, Marketing&#13

Guardian Solutions&#13

727-442-8833&#13

jvs(at)guardiansolutions(dot)org&#13

http://www.GuardianSolutions.org

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Loan Restructuring A Sign Of Hope In A Dismal Industrial Real Estate Market Forecast

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Clearwater, FL (Vocus) August 9, 2010

Though the U.S. economy seems to be displaying preliminary signs of recovery with the stabilization of some big economic institutions, the commercial true estate marketplace continues to be negatively impacted by the ongoing decline of house prices, the higher rate of commercial loan defaults and an unmoving higher unemployment price. Treasury Secretary Timothy Geithner recently darkened this scenario by warning that unemployment could continue to rise just before subsiding.

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Jeramie P. Concklin, CEO of Guardian Solutions, a industrial loan restructuring firm based in Florida had this to say, The price of growth of delinquencies in industrial mortgage-backed securities (CMBS) actual estate loans did show some slight signs of moderating in July, but in spite of that, we are nonetheless seeing really high numbers of new distressed commercial mortgages in need to have of restructuring every single week as evidenced by CMBS delinquencies surpassing 60 billion dollars, an boost of three.11 billion from just the month prior.

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A bright spot in this gloomy scenario is surfacing due to the efforts of independent commercial loan restructuring firms such as Guardian Options. According to Trepp, a leading provider of CMBS and industrial mortgage data and analytics, a current trend has emerged that is obtaining a positive impact on CMBS loans due to the boost in loan modifications by lenders. Loan modifications by way of July of this year currently have surpassed these for all of 2008 and 2009 combined. Loan modifications (have) accelerated substantially in 2010, the Trepp report said. This puts downward pressure on the delinquency number, as troubled loans get resolved and move from the delinquency category.

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Primarily based on the effective industrial loan exercise final results weve been obtaining for our clientele, I can see that the most significant error that house owners tend to make is to do delay addressing the situation at the first sign of trouble, or even worse, to attempt to deal with lenders or unique servicers on their personal. But that getting stated, industrial house owners need to know that they can take measures to improve their scenario by in search of professional assist and guidance whilst the scenario is still salvageable the longer they wait to act, the more challenging their scenario becomes, added Concklin.

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Industrial house owners who are trying to hold their properties viable are seeking help from firms like Guardian Solutions that specialize exclusively in commercial loan modification. At present, there are only a handful of specialized firms that employ extremely qualified staff, such as accountants, MBAs and actual estate specialists to deal specifically with the complexities involved in a restructuring a securitized industrial home.

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Guardian Options aids commercial genuine estate owners in distress every single day, stated Concklin. We are saving all varieties of commercial properties facing default. But the sooner we get into negotiations, the a lot more choices we have offered to help. A restructuring program thats place in location early on generally contains the most favorable terms and achieves the best final results. With the dismal forecasts we have for the economy and for the industrial real estate market, its the wise house owners who are taking a appear at their assets and preparing now for the eventual industry declines.

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The technical and legal elements involved with securing a industrial loan restructure prompts a lot of property owners to ignore their position and grudgingly accept foreclosure rather than save their investment. This can outcome in more than just losing the house, it can severely harm the borrowers credit and even lead to personal bankruptcy.

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About Guardian Solutions&#13

Guardian Options is the 1 of nations largest industrial loan restructuring firms and is committed to assisting industrial property owners save their properties. The companys knowledgeable mitigators are seasoned in a variety of disciplines to offer customized restructuring solutions. For much more information, check out http://www.GuardianSolutions.org

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Make contact with:&#13

Jamie Sene&#13

Vice President, Marketing&#13

Guardian Solutions&#13

727-442-8833&#13

http://www.GuardianSolutions.org

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Premier Industrial Debt Restructuring Firm Covendium Saves Family Enterprise in Moment of Crisis

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Orlando. FL (Vocus/PRWEB) March 22, 2011

Covendium has a lot of years experience restructuring companies in deep financial trouble, but they had rarely noticed a case quite as heartbreaking as Clark Properties Corp. A devastating plane crash place owner Andy Clark in the hospital and killed his father, Douglas. Their home development company was already underwater from the bursting of the true estate bubble. Economic institutions were refusing to extend credit, and the cash flow had all but dried up. Andy reached out to Covendium, the premier commercial debt resolution firm, and they had been able to assist him keep the business afloat and negotiate his healthcare bills. At the hardest moment of his life, Covendium helped Andy uncover his way.

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In Might 2009, the twin-engine plane flown by Andy Clark ran out of fuel and crashed just after takeoff at Daytona Beach International Airport, breaking Andys back, tearing his aorta, and ripping the skin off his forehead. His 80-year-old father, Douglas, was dead. Andy was hospitalized and in a coma in the course of the funeral. When he came to, he had to face the loss of his father and the slow recovery from a number of surgeries. His face was stitched with each other more than a piece of mesh, he had a stent in his heart, pins in his nose and back, and it was unclear no matter whether he would ever stroll again.

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That would have been tough enough for anyone, but he also had to deal with a company that was going towards the red in the down economy. Clark Properties, the household company, had several properties, condos, purchasing centers and office buildings that have been losing value in the wake of the 2008 recession. Units were standing empty or selling below the developing expenses. They could make their interest payments, but werent obtaining anywhere on the principal. Andy tried to take out loans, but lenders have been skittish about extending credit to actual estate ventures. Thats when he turned to Covendium.

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“Andy was a classic case,” Covendium President Doug Extended told the Orlando Sentinel. “Negative cash flows were eliminating the legacy of the family members company, and there were numerous negations on every asset. Our strategy was: ‘Let’s figure out what we can keep in the life raft.’ “

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Covendium helped restructure Clark Properties, cutting down the size of the firm and promoting many of Andys assets. They were capable to negotiate loan modifications with most of Clarks lenders, and worked out a payment plan for Andys medical expenditures.

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It was definitely do or die, said Andy. We sat down and made a planlike a bankruptcy program, with no filing bankruptcyand figured out how to get the cash flowing again. They are specialists at developing a group to aid you survive.”

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Covendium helped Clark Properties figure out how to turn their negative fortune about. For instance, the constructing where Clark Properties is based was otherwise empty in 2009 nowadays its at 60% capacity.

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Andy is out of his back brace and healed from his reconstructive surgery, and now hes focused on the future of his enterprise. “Hopefully, some day I’ll be capable to start off developing once again,” he stated.

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For more information about how Covendium was in a position to assist Clark Properties, or any of Covendiums merchandise or services, contact them at (407) 284-4000 or view them on the net at http://www.covendium.com.

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About Covendium&#13

Covendium specializes in comprehensive industrial debt restructuring and resolution for consumers whose monetary model has been destroyed by debt service payments that have turn into unsustainable.

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For some customers, all they require is an seasoned negotiator to offer their lender with the reality of the monetary scenario and the tool-set to restructure their obligations. For other consumers, Covendium may help in the replacement of the debt from a bank to a private funding supply.

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Their team of specialist advisors has effectively restructured billions in transactions, with dozens of banking institutions (like major national, regional and community banks) and over 30 separate non-bank financial counterparties.

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Undesirable things happen to good individuals. Covendium is a premier national debt resolution firm that aids their consumers with almost everything from avoiding bankruptcy in Chicago to industrial debt restructuring in Charlotte to eliminating private guarantees in Miami to avoiding industrial foreclosure in Phoenix.

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