October Newsletter
“As we know, there are typically 3 stages of Grievance: Anger, Denial, and Acceptance.
It appears we are coming into the stage of “Acceptance”. The past few years we’ve experienced both Anger and Denial from rate hikes in an effort to tame inflation, cost of goods affecting overall affordability, and as the Feb begins to cut rates and gas prices lower, the age of acceptance begins to creep in. The GSE’s have led the charge with over 2 billion in residential NPLs marketed for sale over the past two quarters. Increasing the volume by nearly double from this time last year.
I’d say we’re leaning into the era of Acceptance.”
Chaz Guinn – CEO and Founder
Trade Desk Update
We closed Q3 of 2024 as our strongest quarter of the year. From both new Acquisitions volume purchased to Loans and Properties Sold.
New Acquisition Volume over the last 60 days includes:
17m in Home Value
$13.5m in Debt Balance
$361kAverage BPO per loan
21 Mixed batch of NPLs, RPLs, and BK loans across 21 states
“The 4th quarter is always an exciting time in our industry as we work with our counterparties to reposition their balance sheets.
This year the feeling of uncertainty based around the recent interest rate reduction and the upcoming Presidential election have led some folks to sit on the “sidelines” and see how it all shakes out, we feel this is presenting us with the ability to seize market opportunities before yearend.”
Bob Repass, Chief Operating Officer
“As we move forward into the 4th quarter, our desk continues to receive strong support from the high-net worth/family office environment. Each month our valued investors receive a fund performance report, and each quarter receive a personalized investor statement reflecting actual accrued returns along with conservative projections. Given the market headwinds, high inflation, and elevated rates Revolve Capital remains focused on acquiring quality assets at below market pricing. Robust availability of assets and favorable margins are delivering compelling returns to our institutional and private sector investors.”
– Jeff Wells, Head of Investor Relations
