Who Am I

In November of 2007 I wrote a business plan and submitted to the president and she agreed to pursue the plan. Fifteen month later we have 4 full time people working in the REMCOR OREO program. We have closed deals with private parties and banks and I would love to say I can tell you all about them, but the first thing you have to contend with in this industry field is the Non-Disclosure Agreement or NDA as it is commonly know.
The first rule of success is to know the landscape and to figure out where you can play and make money. Here is my list of the opportunity spaces divided by segments.

First Tier

Sellers of first tier bulk product sell in blocks of 1 to 5 billion, that is not a mis-print. There are four sources of product:

1) Fannie Mae and Freddie Mac

2) FDIC

3) Private Sellers

4) Financial Institutions

Second Tier
The sellers in this category are selling divided first tier packages in blocks of 500 million to 1 billion plus lots. The typical sellers are:

1) Hedge Funds
2) Private Equity Groups
3) Banks
4) Private parties

Third Tier
This group of sellers is again sub-dividing Second tier packages that offer are priced in 10o to 250 million range. The typical sellers look identical to the Second tier. The pricing in this range often the higher and the terms can be very diverse based on the type of organization.