Real Estate Roundtable with Mark Paniccia - Part 2

Join Eric L. Frazier MBA, President of The Power Is Now Media and Host of the Real Estate Round Table, and Mark Paniccia, Vice President of Business and Commercial Lending for TREO Asset Services – Eastern Division and President of the National Association of Default Professionals (NADP), an industry nonprofit, in a discussion about NADP’s 2023 Annual Summit that took place on March 5-7th in Las Vegas, Nevada, at Green Valley Ranch. NADP brought together top mortgage servicers and asset management firms to talk about their businesses and their thoughts on the future of Default. In part 2 of this interview, Mark Panniccia shares the insight he received from asset management companies, services, and investor groups about delinquency and the increase in REO activities. Default rates are rising but starting from a very low base. Mark learned that we are still at pre-pandemic lows when it comes to new foreclosure starts. He goes into detail on the comments from the panelist who represent two different groups: Servicers and Regulators and the Investor Group. Servicers and Regulators are not seeing more than a ripple in foreclosures. The Investor Groups believe that their many people are sitting on the sidelines with their cash and waiting because the bid and the ask on pools of notes have widened to the point that very few deals are getting done. Bidders are only willing to pay 70 cents on the dollar unless they are desperate. They are expecting some originators to go bankrupt. This was a great discussion. Please watch and share. Become a member of NADP, and you will save money on future events. Click on the link to see the incredible lineup of speakers and the companies that attended the event. https://www.defaultpro.org/Speakers. Next year make NADP a part of your conference scheduled

For more information, call NADP at 850-480-7332 or go to their website at defaultpro.org.