The Orange-based firm has been buying distressed mortgage assets since 2007. "There's a tremendous opportunity out there, that's for sure," says Michael Castanon, a managing partner with the firm.
The housing downturn, the credit crisis, the lack of liquidity, "It's the perfect storm essentially," Castanon adds. "We're seeing really an unprecedented amount of distressed assets that are coming to the market."
Fasthold's services include: mortgage loan acquisition solutions that provide capital to companies with distressed assets; advisory services for liquidation of those distressed assets; and asset-servicing solutions to assist homeowners.
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