David Akre experience includes over thirty years in mortgage capital markets, portfolio & REIT management, lending & operations:
• Started and ran conduit / securitization programs at three different mortgage REITs: New York Mortgage Trust (NYMT), Five Oaks and Thornburg Mortgage,
• Co-founded and ran the only public mortgage REIT of its peers (IPOs ‘02 to ‘04) to survive the meltdown
• Have a better credit track record than all major banks & Wall Street conduits*
*losses were 31% of industry average for NYMT’s 2005 prime hybrid ARM securitizations. The program was discontinued in Q1 2006 under Mr. Akre's initiative. See below table.
Together with other experienced mortgage capital markets professionals, WLC can provide you with a very competent, principled, and astute focus on:
• Portfolio credit risk,
• Counterparty risk,
• Ecosystem risk,
• Loan sales or acquisitions,
• Portfolio restructuring,
• Mortgage Servicing Rights purchases,
• Capital markets (securitization) transactions.
Started and ran the only public mortgage REIT of its peers to survive the credit meltdown,
• Stated and ran conduit / securitization programs at three different mortgage REITs,
• Have a credit track record with better results than all major bank & Wall Street conduits (below).
