Securitization Guru Justin Ford Partners with Discovery Expert Anthony Martinez and Becomes e-Logic Group’s COO for Advanced Securitization Audit Analysis Services


Miami, Florida (PRWEB) August 21, 2012

As companies continue to offer worthless securitization reports to consumers, e-Logic continues to grow as one of the most dominating and leading providers of an advanced securitization style analysis unmatched by any securitization audit provider. To enhance e-Logic’s position in the market, the company has announced its newest addition, Justin Ford, as its Chief Operating Officer. “Justin not only brings advanced research and knowledgebase to the team, he also brings a refreshing level of enthusiasm, focus and resolve to our entire vision,” says Anthony Martinez, e-Logic’s CEO.

“I’m excited at the opportunity to help enhance the service level e-Logic brings to its client base,” says Mr. Ford. e-Logic is one of the only service providers to create the kind of hybrid securitization analysis reports that attorneys can actually use.” As it stands, a number of companies in the market offer training in securitization research using tools like the Bloomberg Terminal. These “allegedly” trained companies in turn provide reports that while maybe informative, can rarely be used in court because neither the report nor the affidavit accompanying it can pass the required expert witness muster.

“The industry is saturated with bad and useless information. What e-Logic brings to the table is something very different. The Securitization, Discovery Strategies & Tactics Analysis Report(SDST Analysis Report) is exactly what it sounds like. It does more than just identify the securitization chain, it takes that information and incorporates it into a litigation analysis for the attorney reading the report and enables the attorney to understand not only the different methods to approach the case but the pitfalls they may run into,” says Mr. Ford.

This effort is lead by one of the leading complex litigation discovery experts in the litigation market today – Anthony Martinez, e-Logic’s Chief Executive Officer who brings over 16 years of real hands on experience. “Time is money. Attorneys don’t have time to waste on useless resources and they’re not happy to bill their clients for things they cannot use. It not only makes them look bad but it discourages someone in need of legal counsel to defend or prosecute a real property matter. Real property litigation is serious. These attorneys are going up against a trillion dollar machine with only a few thousand dollars. Some may call it stupid – we call it guts! You better believe every dollar needs to be well spent so it’s imperative we provide the sharpest sword – a cutting edge product that gets them to the table to play” says Mr. Martinez.

In today’s market people need to understand there’s much more needed to prevail than just Bloomberg certification and a terminal account. You have to have the prerequisites to qualified as an expert in the courtroom with a judge thats already prejudiced against the homeowner and counsel. According to Mr. Martinez, “You have to be fluent and prepared to justify how a $ 250,000 loan was aggregated into 1.2 billion for ABC Trust 2007-AE1, show how the aggregated amount was converted into a security bond/certificate and distributed over 35 classes (fractionalized). Then you better be prepared to show how of the 35 classes, YOUR subject loan was found in 18 of the classes (fractionalized) and of the 35 classes 28 have been paid off in full leaving 7 with an aggregated value of 1.7 million. You then need to explain how of the 18 YOUR loan was found in, 15 of those classes are part of the 28 paid in full and of the 3 classes where YOUR loan is still fractionalized, the aggregated amount is $ 275,000. That’s just a speck of the kind of valuable and useful information attorneys need in their analysis which gives good cause for an accounting, something attorneys have difficulty obtaining through a normal discovery request.”

About e-Logic Group, Inc. – e-Logic is one of the most advanced e-Discovery Providers in the industry today that uses state of the art technology that incorporates intelligent algorithms and analytics to automate information processing. e-Logic is now a provider of high end Advanced Securitization Audit and Forensic Audit Analysis Reports for attorneys engaged in loan level litigation involving fraud.

About Anthony Martinez- Mr. Martinez is a top Discovery Expert, Consultant and Strategist in the industry today with over 16 years of experience in complex litigation discovery and e-discovery matters. A veteran of the gulf war, Mr. Martinez is currently the President and CEO of e-Logic Group, Inc., Executive Director of Anthony Martinez & Associates, a leading LPO Service Provider and is the Author of Discovery Tactics, a leading Weblog that discusses real property litigation matters, case law and other topics.

About Justin Ford – Mr. Ford is a seasoned securitization specialist and former Principal of Automated Expeditors of America in Detroit, MI – a leading provider of advanced securitization research and audit reports. Mr. Ford has an extensive background in client relationship building, marketing and corporate branding.







How does the bailout address the more esoteric causes of the crisis?

Question by DeFreeze: How does the bailout address the more esoteric causes of the crisis?
For example, the creation of “exotic” financial instruments, securitization of mortgage debt, etc? Any ideas? I’m learning here folks, so if this question seems overly simple or even stupid, keep your silly comments to yourself.
And isn’t what Wall Street, et. al. did with these bad mortgages similar to what Andrew Fastow went to jail for at Enron?

Best answer:

Answer by Dave
I am wondering the same thing myself. The bail out helps the people that created the mess. The bail out will destroy out currency. This is not a good idea.

What do you think? Answer below!

What ramifications would the US face if Freddie and Fannie were not saved?

Question by ztim21: What ramifications would the US face if Freddie and Fannie were not saved?
How does the facts that these companies buy/sell mortgages through securitization make mortgages more affordable for ordinary people?

The answer is liquidity, but I dont understand how that makes mortgages inexpensive.

Pre-bailout, what is the ownership interested of the US gov’t as Freddie and Fannie are GSEs?

Thanks for all your help in figuring this one out!

Best answer:

Answer by texanskid
I wish they didnt get saved. I have stock in Fannie May and got whiped out today. Granted I didnt put that much in that I couldnt afford to lose which a lot of people didnt do.

Fannie and Freddie own half of the entire country’s loan debt so without these two companies the credit crisis would get even worse and the banks wouldnt get there money either. Without them being saved the economy would have been destroyed and the banks would go out of business as well.

Know better? Leave your own answer in the comments!

Will mortgage securitization pass or fail in the future?

Question by : Will mortgage securitization pass or fail in the future?
Will securitization of mortgages succeed or fail in the future markets? What are some reasons why or why not?

Thanks
I was asking more about the general process of the secondary mortgage market where there is securitization of mortgages. (mortgages are pooled together with hundreds or thousands of others, where investors can they invest in them).
Also, do you have any idea what an IO trigger is? an advantage and disadvantage of an IO trigger? I’m not really sure what it means?

Best answer:

Answer by Immortal
Are you talking about the CMO and CDO where there are various different tranches to invest in?

Yes, that sounds very much like CDO/CMO investment. In that case, I don’t think anyone who knows about the true nature of CDO/CMO would bother to invest in it, and ultimately cause it to cease to exist.

Why?
Because these kind of securitization is used to reallocate all the mortgages’ risks (prepayment risk, default risk, interest rate risk, etc) into several different tranches. Some of the tranches will overcompensate the investors based on lower-than-average risks, while some other tranches will be undercompensated based on higher-than-average risks. The average that I mean refers to the average risks of the whole mortgages included in the securitization.

For a smart investor, he will invest in the tranches that overcompensate him. In other words, he was supposed to get average return at average risk if there was no segregation of mortgages by tranches, but because there’s segregation based on tranches, this smart investor will buy the tranches that give him higher return at average risk, or average return at lower risk.

That will leave out the other tranches that undercompensate any investors stupid enough not to realize they are being undercompensated. So these investors will take the most brunt in case of defaults. Even though these tranches are undercompensating, those who package the securitization can make them look very attractive to attract ignorant investors. Only then can all the tranches be sold out. Or else you’ll have half of them sold out and the other half unwanted.

When people get more educated about the nature of these kind of investments, they will stay out of the other half that undercompensate them. Then the party that have liability to the unsold securities will have to continue to bear the mortgage risks. That’s not the purpose of securitization in the first place. Securitization comes with the purpose to transfer the mortgage risk to the buyers, both the smart and the stupid.

I don’t know what you mean by IO trigger, but I know IO stands for Interest Only, which means your investment will receive interest payment only. There will not be any principal amortization. And the higher the interest rates, the lower will be the prepayment rate, and the more certain you’ll continue receiving interest payments into the future.

Add your own answer in the comments!

This is my 2nd time asking: Is there a simple and inexpensive way to determine WHO owns the note?

Question by jbsikes: This is my 2nd time asking: Is there a simple and inexpensive way to determine WHO owns the note?
Hello.

I asked the question before: “How do I find WHO owns the note” ( so that we can make an offer to buy it ), and was told that a title search would do the trick. I shared that with my friend who’s working on this problem with me and here’s their comments:

“That is concerning every sale of the house. The mortgage changes with every sale of the house. This is a deeper audit of the secondary market. Mortgages are traded like stocks behind the scenes and these trades aren’t recorded at the court house. A title search is performed in the court house by people who physically pull the public records. Securitization audits are performed at a computer looking at the actual trades. Often a Bloomberg Terminal just like stock traders use is utilized to find relevant information. These note trades are not recorded there. A system known as MERS was set up to avoid filing these at the courthouse. Not all loans were securitized. Some loans are kept in small bank portfolios. These of course are much easier to track down. MERS has been attacked by many attorneys who represent foreclosed homeowners. They have shown that MERS does not have the authority to foreclose. Anyway, simple title insurance does not show the loan trades, only the house trades.”

Can anyone answer this question?

Best answer:

Answer by kemperk
county recorder often gets them to record same
or ask escrow………who processed it [?]

Know better? Leave your own answer in the comments!

Please explain securitization in a simplest way?

Question by closeguy: Please explain securitization in a simplest way?
I wanted to know the concept of secuterization, so when I search google I came across few articles which state – :

Securitization is the taking of an asset or right to a cash flow and then structuring it so that it becomes a security.

Example : mortgage securitization or asset securitization

But, I still don’t think I completely understood the concept.

What does transforming asset into security mean ? Please give short example . When and how does bank securitization?

Best answer:

Answer by Raysor
It is taking a financial instrument and turning it into a share that can be traded. For example a loan is a fixed term, interest producing instrument. This could be turned into a share. Its value would depend on the borrowers ability to repay the loan and the share dividend would depend on the borrowers ability to repay the interest.
A better example might be ETFs. Let’s say you have an index (FTSE100 or DJ30). You cannot buy or sell the index but you could buy all the underlying constituents. With an ETF someone buys all the constituents and securitises them into a share. In this way that someone could sell the “index” to lots of small investors.

What do you think? Answer below!

Q&A: securitization audit?

Question by shann: securitization audit?
I’m looking for a company in Virginia who does securitization audits for foreclosures.
Also can you give me names(company) and numbers that can help

Best answer:

Answer by hyper-capitalist
There is no company that does securitization audits for foreclosures. There are auditors that comfirm compliance with the securitization documents and federal laws.

I am assuming that someone os trying to prove that the trust actually owns the Promissory Note in a foreclosure. Ask for the recorded assignments of loan documents and allonges to promissory note that details ownership of the loan from the originator to the trust. There will be several assignments.

What do you think? Answer below!

Learn more about forensic accounting

Our greatest comfort and protection is our home. There are different stories about different people form. We keep our house of deception or confusion is all-power loan originator or broker financing. Forensic Loan Audit arrives to save us from this unfortunate situation.

First let us know what is really a forensic loan audit. It is open on the loan budding industry and increase movement. It is expertise in situations verification lawful conditions and is dedicated to the recognition of offenses under federal law. It supports the borrower to know if there is still a happening predatory lending. Loan documents submitted to the authorities have been carefully examined and evaluated in a lively manner that integrity is present.

Here are some common problems that might occur to a borrower. The first is inaccurate negligent. This is the case when the mortgage professional makes mistakes, whether intentionally or not, that are below the standard of professionals. One of the nests is a breach of contract. This occurs when the lender breaks the contract that was set by the lender and the borrower. The third is the constructive fraud. This occurs when the lender or one of his assistants or agents do not disclose certain terms of the agreement, such as sanctions, the borrower before he accepts the loan. The latter is fraud and negligent misrepresentation.

public is likely to panic in times of crisis, if their home will have before disappearing. They probably could not afford it turn to forensic loan audit to ensure a reliable service that people will keep their property from foreclosure.

Forensic loan audit provides us with an initiative and brings us back to the history of the loan that we did with the authorized claims and protection of the law. A number of these applications are consistent with the assessment of fraud, breach of the loan contract and loan applications raptors. This can help homeowners gain comfort to fight for their civil liberties if they were raped or retained and to competent home owners.

Given the owner is a rude state in which the lender his house is foreclosed, a loan modification may be able to help by setting up a contract for the owner and broker. On such occasions, most often, the lender must seek to address this appropriately especially if they knew they dishonor certain federal rules. During the court if the dealer has confirmed that some offenses on your loan documents procedure, it is required to repair the revision of your loan and the creation of useful for you or the lender may be charged with penalties .

better to do something at this time because the weather is very important if you think your house is not on the right note. The time it takes to develop, the harder it is to have a resolution or compliance with the owner and broker. We do not need to wait for months to have your home foreclosed.

protect our homes from foreclosure by using auditor judicial loan . Are informed of this trend useful and promising. a forensic audit may be the best answer for those situations that can save one thousand dollars many homeowners without any problems.

Is the Clinton administration to allow the securitization of subprime mortgages? If so, how?

issue by ortisthetortoise : Is the Clinton administration to allow the securitization of subprime mortgages? If so, how?
I can not find anything specific to the securitization of subprime mortgages in the “CRA 1995 changes” that everyone parle.Essayer to understand whether this accusation is made or folklore.Y there a specific law or order Executive which refers to this Best answer:

response by Chris J
http://www.miscellanynews.com/opinions/don_t_blame_the_guiltless_for_economic_crisis

What do you think? Answer below!

What is a securitization audit? Does it help with foreclosure?

Question by Curt Gallows: What is a securitization audit? Does it help with foreclosure?
OK, I received my notice of default and am scared all to heck about foreclosing on my home in Tampa, FL. I just heard about this thing called a securitization audit. Can anyone tell me what they are and if it will help with my foreclosure?

Best answer:

Answer by real estate guy
First, you need a lawyer. You can’t just walk away. YOU NEED A LAWYER.

I googled it. It’s when the bank will review the whole loan to make sure that you didn’t lie about getting the mortgage. For example, you didn’t lie about the income amount or source. You didn’t lie about source of downpayments., they will review tax returns, etc.

Add your own answer in the comments!

Announcing the Upcoming 2013 American Banking Preference Poll Presented by GoBankingRates.com


El Segundo, CA (PRWEB) May 23, 2013

Over 650,000 Americans joined credit unions between September 29, 2011 and the first week of November 2011, after Bank of America announced it would charge customers $ 5 monthly fee to make purchases on their debit cards, according to Huffington Post. Thats more new credit union members than all of 2010. One and a half years later, GoBankingRates.com seeks to find out how the trend has evolved, developing a poll to discover what Americas banking preference is today.

“Now that the hype over Bank Transfer Day has died down, the backlash against big banks may have subdued as well,” states GoBankingRates.com managing editor, Casey Bond. For instance, the American Customer Satisfaction Index shows that in 2011, consumer satisfaction with credit unions was 87%, while satisfaction with banks was only 75%. Last year, customer satisfaction was rated 82% and 77%, for credit unions and banks, respectively.

“There are clear benefits to banking with both national and community institutions, and our American Banking Preference Poll will tell us which option U.S. citizens are presently leaning toward,” Bond adds.

The poll is a simple, one-question survey that asks Americans: Do you prefer banking with a national bank or a local bank?

With one click, individuals can specify their preference for banking with a national bank or local bank or credit union. Participants are encouraged to leave comments explaining their preference as well.

In response as to why GoBankingRates.com is choosing to conduct this poll, Ms. Bond explains, “In the personal finance space, knowing where consumers are choosing to do business is crucial data to have. We not only want to collect this data for 2013, but share it back with GoBankingRates.com readers, as well as the readers of other major news sources in the industry.”

In fact, in an effort to further analyze the attitudes of Americans regarding their banking preference, GoBankingRates.com is encouraging other personal finance sites and online newspapers across the country to participate, adding to the data pool and gaining access to the unique, exclusive information collected.

“Learning what today’s depositors and borrowers value most will allow us to customize the content we provide and offer more valuable information to readers. We expect this poll to open the door to gaining greater insight and starting a new conversation about where the trend is headed in national versus local banking,” Bond concludes.

If you are a member of the media and would like to post the poll on your website, please use the contact information below.

About GoBankingRates.com

http://www.GoBankingRates.com is a national website dedicated to connecting readers with the best interest rates on financial services nationwide, as well as informative personal finance content, news and tools. GoBankingRates.com collects interest rate information from more than 4,000 U.S. banks and credit unions, making it the only online rates aggregator with the ability to provide the comprehensive and authentic local interest rate information.

Additionally, GoBankingRates.com partners with a number of major media outlets such as Business Insider and US News & World Report to provide compelling and edifying personal finance content, and its expert editors have been featured and quoted on several premier finance websites like Yahoo! Finance, Forbes, The Street, Huffington Post and more.

Contact:

Jaime Catmull, Director of Public Relations

GoBankingRates.com

JaimeC(at)GoBankingRates(dot)com

310.297.9233 x261

Sources:

Huffington Post, Bank Transfer Day Pushes 40,000 To Join Credit Unions, Survey Finds, November 9, 2011.

American Customer Satisfaction Index, Benchmarks By Industry.