Halo Portfolio Advisors, LLC Contracts With Local Mortgage Asset Management Fund
08 Abril 2010 - 8:00AM
Halo Portfolio Advisors, LLC, a subsidiary of Halo Companies, Inc.
(OTCBB:HALN), announced today that it signed an agreement with a
mortgage asset management fund to take advantage of the unique
workout program that Halo provides. The agreement was constructed
for the purpose of improving performance of the fund. "We are
excited about the opportunity this provides Halo to demonstrate our
capabilities as a consumer financial solutions provider," states
Scott McGuane, president of Halo Portfolio Advisors, LLC. "Our
client recognized the uniqueness and effectiveness of our approach.
We will enable them to grow through seamless integration and a
comprehensive strategy as they are continuing to acquire distressed
assets."
The new agreement allows Halo to improve the portfolio
performance of the hedge fund operating in the distressed mortgage
industry. This is achieved by applying Halo's creative home
retention strategies. Halo will attempt to work out the fund's
non-performing loans by utilizing their complete suite of consumer
financial products including loan modification, short sales
services, refinancing, credit repair, and unsecured debt
settlement. In addition, Halo's in-house technology team will
provide a proprietary customized software platform that allows for
a higher level of efficiency and communication.
The current economic environment finds lenders drowning in an
overflow of distressed assets. Halo recognizes the cause
behind a typical troubled asset is often not one, but several
contributing factors. When a loan is underperforming, it may
be due to other outside influences of financial stress, such as a
high unsecured debt load held by the consumer. Halo Portfolio
Advisors, LLC leverages the complete Halo suite of services to
effectively manage these factors.
Halo Portfolio Advisors' workout program allows for the
management of a diverse portfolio of loans. Halo's technology
systems are bundled with transparency, accountability, efficiency,
speed, and flexibility. This unique strategy delivers borrowers
into an intelligent, results-driven process that establishes
affordable, long-term mortgages while also achieving an improved
return for lenders and investors. The company's operational support
services allow endless opportunities for strategic relationships
with major debt servicers.
About Halo Portfolio Advisors, LLC
Halo Portfolio Advisors, LLC provides our clients with an
integrated approach for returning performance to distressed debt
portfolios. Our success balances a strong focus on restoring
stability and predictability to loan portfolios and increasing cash
flows with providing unique and convenient solutions for our
client's customers. Services include portfolio strategy consulting,
default management, asset/liability management, debt servicing,
debt restructuring, campaign management advisement, portfolio
acquisition and disposal support.
About Halo Companies, Inc.
Halo Companies, Inc. is a publicly-traded nationwide holding
company located in Allen, TX. Halo consists of eleven subsidiaries
that operate primarily in the consumer financial services industry
including debt, mortgage, real estate, credit, loan modification,
insurance, and portfolio management. Halo has been recently
recognized by Inc. Magazine, the Comerica Bank Collin 60, the
Capital One Bank Celebration of Enterprise, and the SMU Cox School
of Business Dallas 100. For more information about Halo Companies,
Inc., visit www.haloco.com.
Cautionary Language Concerning Forward-Looking Statements:
Information set forth in this press release contains
forward-looking statements that are subject to risks and
uncertainties, and actual results might differ materially. A
discussion of factors that may affect future results is contained
in Halo Companies' filings with the Securities and Exchange
Commission. Halo Companies, Inc. disclaims any obligation to
update and revise statements contained in this news release based
on new information or otherwise.
CONTACT: Halo Group, Inc.
Public Relations:
Jamie Watson, Communications Manager
214-644-0065
jwatson@haloco.com
Investor Relations:
Reif Chron, General Counsel
214-644-0065
rchron@haloco.com
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