SlideShare una empresa de Scribd logo
1 de 14
Securitization of the  Single-Family, Owner-Occupied  Home Equity Market John O’Brien Nelson Schneider Home Equity Securities LLC March 2008
The Potential ,[object Object],[object Object],[object Object],[object Object]
Opportunity ,[object Object],[object Object],[object Object],[object Object]
Today’s Situation ,[object Object],[object Object],[object Object],[object Object]
How Did We Get Here? ,[object Object],[object Object]
Alternative Solutions ,[object Object],[object Object],[object Object],[object Object],[object Object]
What is a HEFI? ,[object Object],[object Object],[object Object],[object Object],[object Object]
Collateralized   Home   Obligations (CHOs) ,[object Object],[object Object],[object Object],[object Object]
Benefits of HEFIs and CHOs ,[object Object],[object Object],[object Object],[object Object],[object Object]
Are Investors Ready for  HEFIs and CHOs? ,[object Object],[object Object],[object Object],[object Object]
Fed Chairman Bernanke March 4, 2008 ,[object Object],[object Object]
Home Equity Securities LLC ,[object Object],[object Object],[object Object],[object Object],[object Object]
Home Equity Securities LLC ,[object Object],[object Object],[object Object],[object Object]
HES Subprime Workout Plan ,[object Object],[object Object],[object Object],[object Object]

Más contenido relacionado

La actualidad más candente

hedge fund
 hedge fund hedge fund
hedge fund92_neil
 
Investment Policy Statement - Milwaukee Bogleheads
Investment Policy Statement - Milwaukee BogleheadsInvestment Policy Statement - Milwaukee Bogleheads
Investment Policy Statement - Milwaukee BogleheadsLauraMKE
 
SDGs and the Future of Development Finance: Go Big, or Go Home
SDGs and the Future of Development Finance: Go Big, or Go HomeSDGs and the Future of Development Finance: Go Big, or Go Home
SDGs and the Future of Development Finance: Go Big, or Go HomeQueena Li
 
Exploring New Opportunities and Diversification Strategies in Alternative Inv...
Exploring New Opportunities and Diversification Strategies in Alternative Inv...Exploring New Opportunities and Diversification Strategies in Alternative Inv...
Exploring New Opportunities and Diversification Strategies in Alternative Inv...Investments Network marcus evans
 
Investing for Your Future Part 2: Mutual Funds and Tax-Deferred Investments
Investing for Your Future Part 2: Mutual Funds and Tax-Deferred InvestmentsInvesting for Your Future Part 2: Mutual Funds and Tax-Deferred Investments
Investing for Your Future Part 2: Mutual Funds and Tax-Deferred InvestmentsBarbara O'Neill
 
Intro to real estate investing
Intro to real estate investingIntro to real estate investing
Intro to real estate investingCarlton Dean
 
Jon Terracciano - Background and Structure of Hedge Funds
Jon Terracciano - Background and Structure of Hedge FundsJon Terracciano - Background and Structure of Hedge Funds
Jon Terracciano - Background and Structure of Hedge FundsJon Terracciano
 
10 key trends changing investment management
10 key trends changing investment management10 key trends changing investment management
10 key trends changing investment managementtessat97
 
The Big Picture
The Big PictureThe Big Picture
The Big Picturelisa_xx_44
 

La actualidad más candente (19)

hedge fund
 hedge fund hedge fund
hedge fund
 
Investment Policy Statement - Milwaukee Bogleheads
Investment Policy Statement - Milwaukee BogleheadsInvestment Policy Statement - Milwaukee Bogleheads
Investment Policy Statement - Milwaukee Bogleheads
 
Show me the money henderson
Show me the money   hendersonShow me the money   henderson
Show me the money henderson
 
Hedge fund presentation
Hedge fund presentationHedge fund presentation
Hedge fund presentation
 
Slidecast
SlidecastSlidecast
Slidecast
 
Slidecast
SlidecastSlidecast
Slidecast
 
Slidecast
SlidecastSlidecast
Slidecast
 
Hedge Fund Strategies
Hedge Fund StrategiesHedge Fund Strategies
Hedge Fund Strategies
 
Henk becquaert 16 juni
Henk becquaert 16 juniHenk becquaert 16 juni
Henk becquaert 16 juni
 
SDGs and the Future of Development Finance: Go Big, or Go Home
SDGs and the Future of Development Finance: Go Big, or Go HomeSDGs and the Future of Development Finance: Go Big, or Go Home
SDGs and the Future of Development Finance: Go Big, or Go Home
 
What is Private Equity?
What is Private Equity?What is Private Equity?
What is Private Equity?
 
Grow your own nolde
Grow your own   noldeGrow your own   nolde
Grow your own nolde
 
Exploring New Opportunities and Diversification Strategies in Alternative Inv...
Exploring New Opportunities and Diversification Strategies in Alternative Inv...Exploring New Opportunities and Diversification Strategies in Alternative Inv...
Exploring New Opportunities and Diversification Strategies in Alternative Inv...
 
Investing for Your Future Part 2: Mutual Funds and Tax-Deferred Investments
Investing for Your Future Part 2: Mutual Funds and Tax-Deferred InvestmentsInvesting for Your Future Part 2: Mutual Funds and Tax-Deferred Investments
Investing for Your Future Part 2: Mutual Funds and Tax-Deferred Investments
 
Intro to real estate investing
Intro to real estate investingIntro to real estate investing
Intro to real estate investing
 
Jon Terracciano - Background and Structure of Hedge Funds
Jon Terracciano - Background and Structure of Hedge FundsJon Terracciano - Background and Structure of Hedge Funds
Jon Terracciano - Background and Structure of Hedge Funds
 
10 key trends changing investment management
10 key trends changing investment management10 key trends changing investment management
10 key trends changing investment management
 
Hedge funds
Hedge fundsHedge funds
Hedge funds
 
The Big Picture
The Big PictureThe Big Picture
The Big Picture
 

Similar a HES presentation at ASF in Las Vegas

Reverse mortgages and older americans presentation (nov. 14, 2013)
Reverse mortgages and older americans presentation (nov. 14, 2013)Reverse mortgages and older americans presentation (nov. 14, 2013)
Reverse mortgages and older americans presentation (nov. 14, 2013)Andy Carswell
 
Summerlin asset management
Summerlin asset managementSummerlin asset management
Summerlin asset managementjohndorian555
 
A tale of two hedge funds
A tale of two hedge fundsA tale of two hedge funds
A tale of two hedge fundsManju Natarajan
 
A tale of two hedge funds
A tale of two hedge fundsA tale of two hedge funds
A tale of two hedge fundsManju Natarajan
 
Financial Crisis and Credit Crunch
Financial Crisis and Credit CrunchFinancial Crisis and Credit Crunch
Financial Crisis and Credit CrunchAdel Abouhana
 
Build to Rent Single Family Homes Investment
Build to Rent Single Family Homes InvestmentBuild to Rent Single Family Homes Investment
Build to Rent Single Family Homes InvestmentMarwoodConstruction1
 
Investing for Cash Flow
Investing for Cash FlowInvesting for Cash Flow
Investing for Cash FlowYuen Yung
 
American homeowner preservation 2015
American homeowner preservation 2015American homeowner preservation 2015
American homeowner preservation 2015Jorge Newbery
 
Mutual Funds Finance Types, Pros, Cons, Supreme Guide.
Mutual Funds Finance Types, Pros, Cons, Supreme Guide.Mutual Funds Finance Types, Pros, Cons, Supreme Guide.
Mutual Funds Finance Types, Pros, Cons, Supreme Guide.Jose Angel
 
Property for less
Property for lessProperty for less
Property for lessMark Story
 
Real Estate Finance 101: The Basics (Jay Rollins) - ULI Fall Mmeeting 102611
Real Estate Finance 101: The Basics (Jay Rollins) - ULI Fall Mmeeting 102611 Real Estate Finance 101: The Basics (Jay Rollins) - ULI Fall Mmeeting 102611
Real Estate Finance 101: The Basics (Jay Rollins) - ULI Fall Mmeeting 102611 Virtual ULI
 
21st Century Strategies for Financial Inclusion
21st Century Strategies for Financial Inclusion21st Century Strategies for Financial Inclusion
21st Century Strategies for Financial InclusionJon Gosier
 
Multifamily investing
Multifamily investingMultifamily investing
Multifamily investingk_takhar1
 
Good and Bad of Real Estate Investing
Good and Bad of Real Estate InvestingGood and Bad of Real Estate Investing
Good and Bad of Real Estate InvestingKRISBENSON8
 
Bi Solutions 5 min Overview
Bi Solutions 5 min OverviewBi Solutions 5 min Overview
Bi Solutions 5 min OverviewRonald Nawrocki
 
A Guide to Affordable Housing Midwest Housing Equity Group 3-2014
A Guide to Affordable Housing   Midwest Housing Equity Group 3-2014A Guide to Affordable Housing   Midwest Housing Equity Group 3-2014
A Guide to Affordable Housing Midwest Housing Equity Group 3-2014Midwest Housing Equity Group, Inc
 

Similar a HES presentation at ASF in Las Vegas (20)

Reverse mortgages and older americans presentation (nov. 14, 2013)
Reverse mortgages and older americans presentation (nov. 14, 2013)Reverse mortgages and older americans presentation (nov. 14, 2013)
Reverse mortgages and older americans presentation (nov. 14, 2013)
 
Summerlin asset management
Summerlin asset managementSummerlin asset management
Summerlin asset management
 
A tale of two hedge funds
A tale of two hedge fundsA tale of two hedge funds
A tale of two hedge funds
 
A tale of two hedge funds
A tale of two hedge fundsA tale of two hedge funds
A tale of two hedge funds
 
Financial Crisis and Credit Crunch
Financial Crisis and Credit CrunchFinancial Crisis and Credit Crunch
Financial Crisis and Credit Crunch
 
Build to Rent Single Family Homes Investment
Build to Rent Single Family Homes InvestmentBuild to Rent Single Family Homes Investment
Build to Rent Single Family Homes Investment
 
Aif Opportunity Fund
Aif Opportunity FundAif Opportunity Fund
Aif Opportunity Fund
 
Investing for Cash Flow
Investing for Cash FlowInvesting for Cash Flow
Investing for Cash Flow
 
American homeowner preservation 2015
American homeowner preservation 2015American homeowner preservation 2015
American homeowner preservation 2015
 
Mutual Funds Finance Types, Pros, Cons, Supreme Guide.
Mutual Funds Finance Types, Pros, Cons, Supreme Guide.Mutual Funds Finance Types, Pros, Cons, Supreme Guide.
Mutual Funds Finance Types, Pros, Cons, Supreme Guide.
 
Property for less
Property for lessProperty for less
Property for less
 
Housing policy
Housing policyHousing policy
Housing policy
 
Real Estate Finance 101: The Basics (Jay Rollins) - ULI Fall Mmeeting 102611
Real Estate Finance 101: The Basics (Jay Rollins) - ULI Fall Mmeeting 102611 Real Estate Finance 101: The Basics (Jay Rollins) - ULI Fall Mmeeting 102611
Real Estate Finance 101: The Basics (Jay Rollins) - ULI Fall Mmeeting 102611
 
21st Century Strategies for Financial Inclusion
21st Century Strategies for Financial Inclusion21st Century Strategies for Financial Inclusion
21st Century Strategies for Financial Inclusion
 
aer_0407_trendyinvesting
aer_0407_trendyinvestingaer_0407_trendyinvesting
aer_0407_trendyinvesting
 
Getting Your Property Financed
Getting Your Property FinancedGetting Your Property Financed
Getting Your Property Financed
 
Multifamily investing
Multifamily investingMultifamily investing
Multifamily investing
 
Good and Bad of Real Estate Investing
Good and Bad of Real Estate InvestingGood and Bad of Real Estate Investing
Good and Bad of Real Estate Investing
 
Bi Solutions 5 min Overview
Bi Solutions 5 min OverviewBi Solutions 5 min Overview
Bi Solutions 5 min Overview
 
A Guide to Affordable Housing Midwest Housing Equity Group 3-2014
A Guide to Affordable Housing   Midwest Housing Equity Group 3-2014A Guide to Affordable Housing   Midwest Housing Equity Group 3-2014
A Guide to Affordable Housing Midwest Housing Equity Group 3-2014
 

Último

Quantitative Analysis of Retail Sector Companies
Quantitative Analysis of Retail Sector CompaniesQuantitative Analysis of Retail Sector Companies
Quantitative Analysis of Retail Sector Companiesprashantbhati354
 
Bladex 1Q24 Earning Results Presentation
Bladex 1Q24 Earning Results PresentationBladex 1Q24 Earning Results Presentation
Bladex 1Q24 Earning Results PresentationBladex
 
Economic Risk Factor Update: April 2024 [SlideShare]
Economic Risk Factor Update: April 2024 [SlideShare]Economic Risk Factor Update: April 2024 [SlideShare]
Economic Risk Factor Update: April 2024 [SlideShare]Commonwealth
 
letter-from-the-chair-to-the-fca-relating-to-british-steel-pensions-scheme-15...
letter-from-the-chair-to-the-fca-relating-to-british-steel-pensions-scheme-15...letter-from-the-chair-to-the-fca-relating-to-british-steel-pensions-scheme-15...
letter-from-the-chair-to-the-fca-relating-to-british-steel-pensions-scheme-15...Henry Tapper
 
Call Girls Near Me WhatsApp:+91-9833363713
Call Girls Near Me WhatsApp:+91-9833363713Call Girls Near Me WhatsApp:+91-9833363713
Call Girls Near Me WhatsApp:+91-9833363713Sonam Pathan
 
(办理学位证)加拿大萨省大学毕业证成绩单原版一比一
(办理学位证)加拿大萨省大学毕业证成绩单原版一比一(办理学位证)加拿大萨省大学毕业证成绩单原版一比一
(办理学位证)加拿大萨省大学毕业证成绩单原版一比一S SDS
 
Stock Market Brief Deck FOR 4/17 video.pdf
Stock Market Brief Deck FOR 4/17 video.pdfStock Market Brief Deck FOR 4/17 video.pdf
Stock Market Brief Deck FOR 4/17 video.pdfMichael Silva
 
fca-bsps-decision-letter-redacted (1).pdf
fca-bsps-decision-letter-redacted (1).pdffca-bsps-decision-letter-redacted (1).pdf
fca-bsps-decision-letter-redacted (1).pdfHenry Tapper
 
Economics, Commerce and Trade Management: An International Journal (ECTIJ)
Economics, Commerce and Trade Management: An International Journal (ECTIJ)Economics, Commerce and Trade Management: An International Journal (ECTIJ)
Economics, Commerce and Trade Management: An International Journal (ECTIJ)ECTIJ
 
magnetic-pensions-a-new-blueprint-for-the-dc-landscape.pdf
magnetic-pensions-a-new-blueprint-for-the-dc-landscape.pdfmagnetic-pensions-a-new-blueprint-for-the-dc-landscape.pdf
magnetic-pensions-a-new-blueprint-for-the-dc-landscape.pdfHenry Tapper
 
SBP-Market-Operations and market managment
SBP-Market-Operations and market managmentSBP-Market-Operations and market managment
SBP-Market-Operations and market managmentfactical
 
原版1:1复刻堪萨斯大学毕业证KU毕业证留信学历认证
原版1:1复刻堪萨斯大学毕业证KU毕业证留信学历认证原版1:1复刻堪萨斯大学毕业证KU毕业证留信学历认证
原版1:1复刻堪萨斯大学毕业证KU毕业证留信学历认证jdkhjh
 
Current Economic situation of Pakistan .pptx
Current Economic situation of Pakistan .pptxCurrent Economic situation of Pakistan .pptx
Current Economic situation of Pakistan .pptxuzma244191
 
《加拿大本地办假证-寻找办理Dalhousie毕业证和达尔豪斯大学毕业证书的中介代理》
《加拿大本地办假证-寻找办理Dalhousie毕业证和达尔豪斯大学毕业证书的中介代理》《加拿大本地办假证-寻找办理Dalhousie毕业证和达尔豪斯大学毕业证书的中介代理》
《加拿大本地办假证-寻找办理Dalhousie毕业证和达尔豪斯大学毕业证书的中介代理》rnrncn29
 
House of Commons ; CDC schemes overview document
House of Commons ; CDC schemes overview documentHouse of Commons ; CDC schemes overview document
House of Commons ; CDC schemes overview documentHenry Tapper
 
Authentic No 1 Amil Baba In Pakistan Authentic No 1 Amil Baba In Karachi No 1...
Authentic No 1 Amil Baba In Pakistan Authentic No 1 Amil Baba In Karachi No 1...Authentic No 1 Amil Baba In Pakistan Authentic No 1 Amil Baba In Karachi No 1...
Authentic No 1 Amil Baba In Pakistan Authentic No 1 Amil Baba In Karachi No 1...First NO1 World Amil baba in Faisalabad
 
NO1 WorldWide online istikhara for love marriage vashikaran specialist love p...
NO1 WorldWide online istikhara for love marriage vashikaran specialist love p...NO1 WorldWide online istikhara for love marriage vashikaran specialist love p...
NO1 WorldWide online istikhara for love marriage vashikaran specialist love p...Amil Baba Dawood bangali
 
BPPG response - Options for Defined Benefit schemes - 19Apr24.pdf
BPPG response - Options for Defined Benefit schemes - 19Apr24.pdfBPPG response - Options for Defined Benefit schemes - 19Apr24.pdf
BPPG response - Options for Defined Benefit schemes - 19Apr24.pdfHenry Tapper
 
chapter_2.ppt The labour market definitions and trends
chapter_2.ppt The labour market definitions and trendschapter_2.ppt The labour market definitions and trends
chapter_2.ppt The labour market definitions and trendslemlemtesfaye192
 
Stock Market Brief Deck for "this does not happen often".pdf
Stock Market Brief Deck for "this does not happen often".pdfStock Market Brief Deck for "this does not happen often".pdf
Stock Market Brief Deck for "this does not happen often".pdfMichael Silva
 

Último (20)

Quantitative Analysis of Retail Sector Companies
Quantitative Analysis of Retail Sector CompaniesQuantitative Analysis of Retail Sector Companies
Quantitative Analysis of Retail Sector Companies
 
Bladex 1Q24 Earning Results Presentation
Bladex 1Q24 Earning Results PresentationBladex 1Q24 Earning Results Presentation
Bladex 1Q24 Earning Results Presentation
 
Economic Risk Factor Update: April 2024 [SlideShare]
Economic Risk Factor Update: April 2024 [SlideShare]Economic Risk Factor Update: April 2024 [SlideShare]
Economic Risk Factor Update: April 2024 [SlideShare]
 
letter-from-the-chair-to-the-fca-relating-to-british-steel-pensions-scheme-15...
letter-from-the-chair-to-the-fca-relating-to-british-steel-pensions-scheme-15...letter-from-the-chair-to-the-fca-relating-to-british-steel-pensions-scheme-15...
letter-from-the-chair-to-the-fca-relating-to-british-steel-pensions-scheme-15...
 
Call Girls Near Me WhatsApp:+91-9833363713
Call Girls Near Me WhatsApp:+91-9833363713Call Girls Near Me WhatsApp:+91-9833363713
Call Girls Near Me WhatsApp:+91-9833363713
 
(办理学位证)加拿大萨省大学毕业证成绩单原版一比一
(办理学位证)加拿大萨省大学毕业证成绩单原版一比一(办理学位证)加拿大萨省大学毕业证成绩单原版一比一
(办理学位证)加拿大萨省大学毕业证成绩单原版一比一
 
Stock Market Brief Deck FOR 4/17 video.pdf
Stock Market Brief Deck FOR 4/17 video.pdfStock Market Brief Deck FOR 4/17 video.pdf
Stock Market Brief Deck FOR 4/17 video.pdf
 
fca-bsps-decision-letter-redacted (1).pdf
fca-bsps-decision-letter-redacted (1).pdffca-bsps-decision-letter-redacted (1).pdf
fca-bsps-decision-letter-redacted (1).pdf
 
Economics, Commerce and Trade Management: An International Journal (ECTIJ)
Economics, Commerce and Trade Management: An International Journal (ECTIJ)Economics, Commerce and Trade Management: An International Journal (ECTIJ)
Economics, Commerce and Trade Management: An International Journal (ECTIJ)
 
magnetic-pensions-a-new-blueprint-for-the-dc-landscape.pdf
magnetic-pensions-a-new-blueprint-for-the-dc-landscape.pdfmagnetic-pensions-a-new-blueprint-for-the-dc-landscape.pdf
magnetic-pensions-a-new-blueprint-for-the-dc-landscape.pdf
 
SBP-Market-Operations and market managment
SBP-Market-Operations and market managmentSBP-Market-Operations and market managment
SBP-Market-Operations and market managment
 
原版1:1复刻堪萨斯大学毕业证KU毕业证留信学历认证
原版1:1复刻堪萨斯大学毕业证KU毕业证留信学历认证原版1:1复刻堪萨斯大学毕业证KU毕业证留信学历认证
原版1:1复刻堪萨斯大学毕业证KU毕业证留信学历认证
 
Current Economic situation of Pakistan .pptx
Current Economic situation of Pakistan .pptxCurrent Economic situation of Pakistan .pptx
Current Economic situation of Pakistan .pptx
 
《加拿大本地办假证-寻找办理Dalhousie毕业证和达尔豪斯大学毕业证书的中介代理》
《加拿大本地办假证-寻找办理Dalhousie毕业证和达尔豪斯大学毕业证书的中介代理》《加拿大本地办假证-寻找办理Dalhousie毕业证和达尔豪斯大学毕业证书的中介代理》
《加拿大本地办假证-寻找办理Dalhousie毕业证和达尔豪斯大学毕业证书的中介代理》
 
House of Commons ; CDC schemes overview document
House of Commons ; CDC schemes overview documentHouse of Commons ; CDC schemes overview document
House of Commons ; CDC schemes overview document
 
Authentic No 1 Amil Baba In Pakistan Authentic No 1 Amil Baba In Karachi No 1...
Authentic No 1 Amil Baba In Pakistan Authentic No 1 Amil Baba In Karachi No 1...Authentic No 1 Amil Baba In Pakistan Authentic No 1 Amil Baba In Karachi No 1...
Authentic No 1 Amil Baba In Pakistan Authentic No 1 Amil Baba In Karachi No 1...
 
NO1 WorldWide online istikhara for love marriage vashikaran specialist love p...
NO1 WorldWide online istikhara for love marriage vashikaran specialist love p...NO1 WorldWide online istikhara for love marriage vashikaran specialist love p...
NO1 WorldWide online istikhara for love marriage vashikaran specialist love p...
 
BPPG response - Options for Defined Benefit schemes - 19Apr24.pdf
BPPG response - Options for Defined Benefit schemes - 19Apr24.pdfBPPG response - Options for Defined Benefit schemes - 19Apr24.pdf
BPPG response - Options for Defined Benefit schemes - 19Apr24.pdf
 
chapter_2.ppt The labour market definitions and trends
chapter_2.ppt The labour market definitions and trendschapter_2.ppt The labour market definitions and trends
chapter_2.ppt The labour market definitions and trends
 
Stock Market Brief Deck for "this does not happen often".pdf
Stock Market Brief Deck for "this does not happen often".pdfStock Market Brief Deck for "this does not happen often".pdf
Stock Market Brief Deck for "this does not happen often".pdf
 

HES presentation at ASF in Las Vegas

  • 1. Securitization of the Single-Family, Owner-Occupied Home Equity Market John O’Brien Nelson Schneider Home Equity Securities LLC March 2008
  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.

Notas del editor

  1. Most of my changes were cosmetic. Among other things, I primarily reformatted the body text in an effort to make it more readable. I also switched the color of the bullets throughout. Please note that I created a footer on the “Master” slide and applied it (including company name, page, and date) to all the slides – except the Title Slide. I also changed Single-family, Owner-occupied to be two separated compound terms.