Thoughts from the desk of Bob Repass…
As we close out 2014, I want to remind all of you to slow down and enjoy the moments. Take a minute and examine your work-life balance. It is so easy to get caught up in the day-to-day frenzy that we often overlook some of the most important things in our lives. So, at this time of year, reflect on the past twelve months and give thanks for all the blessings we are fortunate enough to have. Spend time with your family and friends and thank them for being there to support you each and every day. Personally, I want to thank my wife, Angie, my son, Robbie, and my daughter, Kristin; without them, none of this would be worth it. I am truly blessed.
I also want to thank all of our clients, students, and counterparties for making 2014 a very successful year. I value the relationships that we’ve built with each and every one of you. On behalf of all of us at NoteSchool, Colonial Funding Group, and Colonial Capital Management, we hope that you have a happy and safe holiday season, and we look forward to working together in 2015!
Last month, Eddie Speed, president of Colonial Financial and Note School, joined the broadcast of Capital Markets Today blog talk radio to discuss the liquid and growing non-performing mortgage loan (NPL) secondary market. Host Louis Amaya conducted the interview with Eddie who explained the benefits to both the seller and the buyer in transacting trades into the NPL secondary market.
For over thirty-two years, Eddie has been a true leader and innovator in the Note Buying Industry. Already the recipient of the Note Industry Achievement Award, Eddie, through his industry insight, drive, and leadership, has positioned himself as the leading expert on the greatest opportunity in today’s market: Non-Performing Notes and Seller Financing. His advice and guidance have helped create more successful note investors than anyone in the industry; it’s no wonder his advice is sought after by industry leaders, A-listed corporations, and the industry’s top producers.
The Trading Corner
Year End Financial Checklist for Investors
By Martha Speed
With the end of 2014 fast approaching, here is a brief checklist of things you may want to take care of before year end. To print this checklist, click the “print this page” button.
Happy Holidays to everyone! Wishing you a happy, healthy, and prosperous New Year!
Performing Asset for Sale
Mobile Home/Land Owner Occupied
|Original Loan Amount||$36,236.36|
|Monthly P&I Payment||$318.00|
|Monthly T&I Payment||$38.08|
|Date of Last Payment||11/17/14|
|Date of Next Payment||12/1/14|
|Current BPO Value||$42,000|
|Current BPO Date||7/15/14|
|Available for Purchase at||$24,425.00|
|Yield to Investor||14.27%|
|Investment to Value||58.0%|
NoteExpo 2014 Recap
400 attendees enjoyed NoteExpo 2014 held in Dallas November 7th – 8th. The quality of the content was top-notch as was the opportunity to connect and make new contacts with players from across the industry. Next month, we will announce the dates for NoteExpo 2015!
There are many people behind the scenes who drive the engine to make our companies successful. Each month, we feature one of them in our Top Ten section. However as 2014 winds down, I would like to extend a very special Thank You to each and every member of our team. We are very fortunate to have a great team of employees. It is through their hard work and dedication that we have been able to have the kind of success we enjoyed this year. I am confident we have the very best people in our industry, and I would like to recognize all of them this month.
Eddie Speed, Bob Repass, Charles Mangan, Susan DeLaGarza, and Ryan Parson
Executive Support Team
Tiana Banes, Martha Speed, Jeanna Clifford, and Angie Repass
Asset Management Team
Jennifer Dawley, Matthew Edwards, and Nathan Cheung
Customer Fulfillment Team
Riley Goff, Jesse DeLaGarza, and James DeLaGarza
Sales and Business Development Team
Duane Gibbs, Ben Haught, Chuck Newsome, and Rachel Suttles
Curriculum and Mentoring Team
Kevin Shortle, Joe Varnadore, and Czarina Harris
Quote of the Month
“It seems that the necessary thing to do is not to fear mistakes, to plunge in, to do the best that one can, hoping to learn enough from blunders to correct them eventually.” – Abraham Maslow