Palabras de quien predijo el final de la burbuja hipotecaria

Posted on Sun, Aug. 28, 2011 Words of wisdom from someone who predicted end of housing boom By TOLUSE OLORUNNIPA tolorunnipa@MiamiHerald.com

Seven years ago, while South Florida developers were still staging high-flying condo parties and speculators lined up to put down deposits on new units, housing analyst Jack McCabe saw dangerous signs and began to warn that a downturn was imminent.


As one of the few voices that predicted a housing bust during the fast-money days of the housing boom, McCabe’s insights became more and more valuable when his predictions began to play out. His profile has grown as the housing market has plunged into recession and uncertainty, as analysts and reporters seek insight about where the market is headed next.

Arrestan a dueños de Best Value Homes por fraude en modificación de hipotecas

Attorney General Pam Bondi News Release

August 17, 2011
Media Contact: Jennifer Krell Davis
Phone: (850) 245-0150

Arresto de propietarios de compañía de servicios falsos de modificación del préstamo del sur de Florida

TALLAHASSEE (Fla) –La procuradora general Pam Bondi anunció hoy el arresto de los propietarios de Best Value Homes, Inc. por asociación ilícita para cometer violaciones a la ley RICO (la ley de Organizaciones corruptas y extorsionadoras) y fraude organizado. Best Value Homes, Inc., presentaba servicios falsos al prometer modificar las hipotecas de sus clientes y tomar su dinero sin cumplir con los servicios prometidos. La Oficina del Fiscal Estatal de la Procuradora General de Florida, la Fiscalía Estatal del 11.º Circuito Judicial y la Fuerza Especial contra el Fraude Hipotecario del Departamento de Policía de Miami-Dade colaboraron en el arresto y acusación de los acusados. La pérdida total se estima en $750,000 para 500 víctimas. Si se los declara culpables de todos los cargos, los acusados podrían recibir condenas a prisión de hasta sesenta años.

PR Newswire: USDV anuncia nuevas compras de préstamos "morosos"

US Debt Ventures Announces New Distressed Loan Portfolio Purchases FORT LAUDERDALE, Fla., Aug. 15, 2011/PRNewswire-iReach/ -- US Debt Ventures, a Fort Lauderdale, Florida- based private equity firm, today announced two portfolio purchases over the past 30 days totaling approximately $12MM, acquiring 171 distressed loans.  The first acquisition is comprised of first lien non-performing loans and REO's and was bought from a national banking institution with Florida-based underlying collateral. The average unpaid principal balance in this portfolio is $266,000.  The second, more recent investment was in a second lien performing loan portfolio from a national banking institution with collateral assets located throughout the United States. Kwame Jackson, President of US Debt Ventures stated, "Our purpose is clear- we intend to maximize returns by pursuing the best risk-adjusted work-out strategy on a loan by loan basis on behalf of our investors.  We have a growing number of sophisticated tools, third party data sources, and internal feedback loops that aid in our strategy optimization and execution efforts."