Mr. Joseph Chatham
President, Chatham Mortgage Partners Inc.
Member of the Financial Services Council
Council Member Biography
Joseph Chatham is the President of Chatham Mortgage Partners, a California based residential mortgage brokerage and consulting firm. As of 2010, Mr. Chatham completes his 21 years in the mortgage industry, mostly as a broker. His experience includes, but is not limited to, brokerage management and ownership, sales management (formerly HI, now HSBC), consumer finance sales (HI), retail mortgage sales (HI, CFC/BA), sub-prime lending, and service as a Subject Matter Expert regarding the mortgage industry. Mr. Chatham works with several local and national mortgage brokerages/lenders to best gauge mortgage markets, product lines, and industry trends. Thus, insuring superior products and pricing for Chatham's client base: over 4600 clients and over $1.1 billion funded. He is knowledgeable about the technical aspects of the mortgage brokerage industry as well as the market implications of the ever-changing product mix, underwriting guidelines, and regulatory changes which affect the mortgage industry as a whole. (This is me - Update Profile)
Employment History
- 2008 - 2008
- Premier Lending Consultant, COUNTRYWIDE FINANCIAL CORPORATION
- 2000 - Unspecified
- President, Chatham Mortgage Partners Inc.
- 1997 - 2000
- Senior Vice President, Campbell Financial Services
- 1996 - 1998
- Financial Advisor, Prudential Securities
- 1995 - 1996
- Financial Advisor, Paine Weber
- 1993 - 1995
- Vice President, Real Estate Lending, Campbell Financial Services
- 1989 - 1993
- Sales Manager, Household Finance Corporation (HFC)
GLG NewsSM Analyses by Joseph Chatham
GLG News is now G+ Insights
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G+ is a community for professionals, academics and entrepreneurs to connect through online discussions and in-person meetings. You will continue to see G+ Insights (formerly GLG News) here as well as on the G+ website, where you can share and discuss the G+ Insights you read.
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January 28, 2010
Home Prices: First Drop in Seven Months | money.cnn.com
When seasonally adjusted, the figures from the S&P/Case-Shiller 20-city home price index do not appear too bad. The numbers, however, do not reflect the shadow inventories of lenders who are simply not foreclosing because of backed-up REO departments, moratoriums, postponement-oriented loan modifications, etc. In addition to said inventories, do not forget the portfolios of Alt-A loans that are only now starting to go delinquent, namely the Pay-Option ARM's.
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Lower Rates, While Great, Do Little For Jumbo Lending
October 1, 2009
Real Estate Outlook: Mortgage Rate Dip Impacts Housing | realtytimes.com
The Realty Times article reflects the positive effects of lower interest rates on mortgage originations and home purchases, but fails to note the failure of said rates to transcend the conforming/conventional markets into the jumbo markets. The implications of this failure are that many homeowners in the higher cost states (CA, NY, MA, etc.) still cannot get competitive financing; thus, driving home prices down further.
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September 28, 2009
KB Home Loss Narrows on Fewer Write-Downs | online.wsj.com
KB, a lower cost builder, is benefitting from the perception that we have hit the bottom. We have not. Thus, the peak of the inside of the "W" is about to wane.
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Round II: Coming to a neighborhood near you
September 25, 2009
"Option" mortgages to explode, officials warn | www.linkedin.com
While a very general description of the Pay Option ARM disaster that is looming, the Reuters article is dead-on in two conclusions: many more homes will be hitting the market over the course of the next two and one-half years and that the mortgage plague that started with the subprime crisis will be moving from the lower income strata to the middle and higher income areas.
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Deutsche Bank Recognizes the Depth and Width of "A" Paper Crisis to Come
August 21, 2009
Deutsche Bank on those drowning US homeowners | ftalphaville.ft.com
The depth of the "Alt A" mortgage crisis is coming home to roost. We are likely to see the depreciate creep (or flood as the case may be) is going to hit the areas that the subprime loans barely touched.
GLG Study Groups with Joseph Chatham(?)
| Study Group Name | No. Members |
|---|---|
| Retail Mortgage Origination Experts | 1225 |
| Mortgage Brokers | 1029 |
| Sub-Prime Lending Experts | 637 |
| Subprime Mortgage Experts (US) | 537 |
| Credit Bureau Experts | 497 |
GLG Live Meetings with Joseph Chatham(?)
Joseph Chatham has not participated in any GLG Live Meetings.
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