|
| US Capital Markets Group has been very busy in the final two months of 2000. During this last
60-day period, we have completed 21deals, totaling almost $190 million. One of the deals, between two major players
in the sub-prime market, was over $70 million. Here is the summary of the deals completed by US Capital Markets at the
end of 2000: |
|
| |
Subprime Loans |
$ |
127,330,000 |
|
| |
(fixed and adjustable) |
|
|
|
| |
Scratched and Dented Loans |
$ |
45,200,000 |
|
| |
Nonperforming Loans |
$ |
7,825,000 |
|
| |
Perfoming Fixed Rate Loans |
$ |
5,635,000 |
|
| |
Reperforming Loans |
$ |
2,260,000 |
|
| |
Subperforming 2nd Mortgages |
$ |
1,117,000 |
|
| |
Total |
$ |
189,420,000 |
|
|
|
| The prospects for 2001 are encouraging. Originations by our primary customers have not slowed, despite the weakening economic indicators that seem to be a daily
occurrence. In fact, many of the projections for 2001 are for increased mortgage activity, as declining mortgage
rates foretell a potential wave of refinancing. |
|
| In addition, with the potential decline in rates, many
institutions which have been holding older mortgages with lower rates will be
in a position to sell without taking losses on the sales. |
|
| If your institution has been thinking about restructuring its portfolio, and would like
an evaluation of your holdings and their secondary market value, please contact your US Capital Markets representative. |
