The current market environment has created significant opportunities to obtain defaulted loan assets at below market with the potential for facilitating re-performance, thereby increasing the asset values greatly. Many investors are not prepared to continue to hold these defaulting or defaulted loan assets in current portfolio structures, and have determined liquidation is their best avenue for additional loss avoidance and risk exposure. By specializing in dealing with these assets in creative and flexible ways, MCSAM will maximize opportunity and profitability in this area. MCSAM was formed to help meet the needs of investors who see an opportunity to purchase blocks of loans at below-market prices, and add value to these assets by drawing upon the expertise of key industry experts and leading companies in the mortgage industry. Housing is entering into a period of sustained high rates of mortgage defaults. Many lenders, servicers, and asset managers are poorly equipped to deal with high-risk portfolios, and who are either failing or downsizing operations. MCSAM believes a new paradigm is required, which combines best practices in managing challenging assets with improved efficiencies that only top industry performers can provide. The services provided by MCSAM will not only provide investors with a vehicle for acquiring and managing these assets, it will also allow investors to more accurately project the risk and expenses required in order to maximize the profitability of their loan portfolios. |