“In March and mid-April, loan sale advisory firm Garnet Capital Advisors plans to attend two industry conferences in Florida and New York..."

"Attending the DBA has become the critical kick-off to our year," DiPalma said. "This conference brings important industry participants together and the association focuses on how to promote industry best practices and communication in many ways..."

“To work effectively in the new system, one has to understand the parts of the new regulatory apparatus and how they impact the roles of all parties in the debt sales space…”

"The same problems that plagued the foreclosure process — and prompted a multibillion-dollar settlement with big banks — are now emerging in the debt collection practices of credit card companies..."

"The handful of companies that dominate the secondary market for nonperforming second liens are trying to persuade large banks to sell their portfolios of subordinate debt, said Lou DiPalma, managing partner at Garnet Capital Advisors..."

"A lender will put loans on the market for a number of reasons. They include: to decrease its nonperforming loans, to reduce the concentration of one type of loan, to reduce its investment in one geographic area or to free up capital..."

"Brokers for distressed debt say investors like states such as Illinois, Maryland and New Jersey, where laws permit them to seize assets such as cars, pension payments and a portion of debtors' wages. Consequently, they try to buy loan pools..."

"There is always a lull in the first couple months of the new year because of the flurry of deals towards to the end of the prior year,” says Lou Dipalma, a partner at debt sales broker Garnet Capital Advisors..."

"To improve earnings from the sale of charged-off debt, many consumer lenders are putting less of it on the market. The strategy is working as prices have ..."

"Prices of bad-debt portfolios have gone up in recent weeks, with prices of fresh debt improving at a faster rate than ..."