NoteExpo Podcast Series-The NPL Market, Cody Faller-Pres., Faller Financial
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The NoteExpo, November 2nd & 3rd, Dallas TX - www.noteexpo.com
Several influential analysts predict a current bubble and near-term crash that could boost the NPL markets.\\xa0 The argument is that wealth that outpaces economic growth is artificial and unsustainable.\\xa0 The last two times the share of household wealth growth exceeded GDP was during the late 1990\\u2019s dot-com bubble and the mid-2000 housing bubble.\\xa0 Currently, household wealth as a share of nominal GDP is running at 505%, vs 473% in the housing bubble peak and 429% in the dot-com bust.
The primary driver of the current bubble are common stocks and housing prices, both large contributors to middle class wealth.\\xa0 The argument continues in that the Fed will put the breaks on the economy by increasing interest rates and tightening monetary policy which will start the downward spiral.\\xa0 Just last week, the federal reserve unanimously backed an increase in interest rates over president Trump\\u2019s objection.
Joining the podcast to discuss the NPL market is Cody Faller, President of Faller Financial.\\xa0 Cody has worked with many of the most sophisticated real estate and note operators in the country. Since 2011, Cody has personally facilitated and/or purchased over $150 million in residential notes across roughly two hundred transactions under the Faller Financial brand.
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