GLG News by Title Insurance Experts: Mortgage Professionals

Joseph SmithPresident and CEODefault Mitigation Management 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Is the end in site? real estate issues

July 24, 2007

What Could Topple Bulls' 'Wall of Worry'? | online.wsj.com

The implication in the prior articles is that the issue is over with sub-prime. It is not, it just first manifested istelf there. The Alt A product is now showing higher delinquencies then forcasted. The bigger issue is the resets, number of loans (inventory) on the market and depreciating home values.

Joseph SmithPresident and CEODefault Mitigation Management 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Perfect Storm in Default: Mortgage Servicing News Febraury

March 5, 2007

Subprime Game's Reckoning Day | online.wsj.com

I agree with the Wall Street Journal article. I had an article in Mortgage Servicing News in the February MBA Servicing Conference Issue title the "Perfect Storm in Defualt." My remarks and commentary are attached below.

The issues raised in the Wall Street Journal article are applified and dimensioned in my article.

Highlights the need for different workout solutions or face a liquidity crisis for mortgages and possibly the whole MBS market.

Highlights the needs for different thinking than exists in the current Pooling and Servicing Agreements.

Points the issues of why we are not only headed to recession but a bad recession.


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