Items Tagged with 'Asset'

ARTICLES

  • In This Corner: PCV Murcor CEO Keith Murray

    Keith Murray is the president and CEO of PCV Murcor, Real Estate Services. Keith founded PCV Murcor in 1981 as a local real estate appraisal company serving southern California. Since its inception, the company has grown to a nationwide firm that provides a myriad of real estate services throughout the United States. Keith has over 25 years experience in real estate analysis, consultation and valuation. For this installment of In This Corner, Keith discusses how his company tackles the challenges in today's housing market.
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  • ResCap, Mountain Funding Enter Servicing Agreement

    Mountain Funding, an investor in distressed real estate debt portfolios, entered into an agreement with GMAC-ResCap’s Business Capital Group to provide asset servicing and consulting advice for the real estate owned (REO) assets in their portfolio, a spokesman for GMAC said. ResCap, the fifth largest servicer in the nation, will continue to provide servicing for a portfolio of roughly 2.6m mortgage loans.
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  • Advising Firms Tap into Increasing Volume of Distressed Assets

    In an economy where distressed real estate assets are piling up, Americans are looking for ways to recover from the downturn. Tapping into this need, Capstone Advisors expanded its real estate investment, advisory and development platform to include receivership and asset management services for distressed residential and commercial real estate.
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  • As Losses Mount, Banks Want Rewrite of “Fair Value”

    To say that write-downs have many bank’s income statements and balance sheets in a pinch is probably an understatement; the mortgage and credit mess has hit nearly every major financial market participant with a vengeance, to a tune louder than $300 billion thus far. And it’s likely to continue to do so, if you believe many of the analysts that follow credit markets closely enough.
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  • FAS 157 Puts the Microscope on Dead Markets

    A good measure of how closed many asset-backed, structured and other securities markets continue to be is provided by the new disclosures provided under FAS 157, Fair Value Measurement. Securities with little or no market activity fall into what's known as "Level 3 inputs"--and under current conditions, that includes sectors such as private jumbo and Alt-A bonds, subprime paper, ABS CDOs and CLOs that in good times would have been considered as Level 2 assets.
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