APPROACH

We seek to identify inefficient real estate credit marks and employ a rigorous, research-based investment, financing and asset management approach designed to minimize risk while maximizing returns to investors. We apply loan level and market data to granular credit models to underwrite loans and securities and determine appropriate risk based pricing. Our analyses combine internal research and proprietary credit models to develop performance expectations of the housing and real estate markets, as well as default, severity and prepayment projections.