Results 1 to 25 of 93
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11-29-2018, 02:11 PM #1
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- Oct 2018
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- 16
Bloomberg part 3
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11-29-2018, 03:23 PM #2
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- Mar 2017
- Location
- Nunya
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- 830
They're losing their bite.
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11-29-2018, 03:27 PM #3John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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11-29-2018, 03:31 PM #4
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- Oct 2018
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- 16
It's basically just a summary of the 2nd article.
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11-29-2018, 03:39 PM #5
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- Jun 2017
- Posts
- 24
"That’s about to change soon. Hoose says he plans to start rejecting cases from outside the county. “I believe we have the grounds,” he says. “Stay tuned."'
Anyone know what legal grounds he's referencing?
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11-29-2018, 03:46 PM #6
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- Jun 2018
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- 462
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11-29-2018, 03:48 PM #7
Bloomberg reporters were ASTOUNDED to learn that lawyers are filing documents in counties with smaller caseloads because their local courthouse is weeks behind in paperwork. IT'S INCREDIBLE. WHERE IS THE OUTRAGE?!
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11-29-2018, 04:03 PM #8
- Join Date
- Jan 2018
- Posts
- 353
I think this reporter just wants in. Karen can you hire him?
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11-29-2018, 04:05 PM #9
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- Jun 2015
- Posts
- 3,323
haha ,that is the highlight of this article
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11-29-2018, 04:12 PM #10
- Join Date
- Aug 2017
- Posts
- 249
Article #4 is going to be about the amount of money FedEx is making by shipping COJ's overnight, containing an interview with an anonymous low level Federal Express employee at their Memphis shipping center.
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11-29-2018, 04:14 PM #11
- Join Date
- Jul 2015
- Posts
- 1,202
So plainly organized, timed and executed through the media. Their editorial head is a well known far left political asset of the deep left (personal aide and speechwriter for Clintons etc) Just an FYI, I could care less about the politics unless it is the driving force- but it is noteworthy.
Gotta ask why. Why now and to benefit whom? At the very least, if the COJ in NY and elsewhere is rendered useless for this purpose, what happens to the ability to raise money and mitigate losses by complete defaults. What hedge fund (large or small) wants to put money out at X% with their basis of return more at risk?
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11-29-2018, 04:28 PM #12
- Join Date
- Apr 2018
- Posts
- 144
Maybe the strength of COJs loosing it's enforcement power is a good way to clean up the industry, and I don't mean brokers. You will be required to have better underwriting, better collections teams, better operations, etc or be forced out of business. How many funders are on here that literally fund a second or third position solely because On Deck is the first or *insert who you think is the best 2nd position funder* is the 2nd? How fast and loose is their "underwriting"? The game is a little different when you can't enforce a COJ to collect everything back on a default. No more guaranteed returns. I'm not saying there won't be stacking, that's never going to end, but there are companies that do not file COJs on any amount and are still thriving because they rely on information, due diligence, and processes rather than some legality for filing COJs.
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11-29-2018, 04:30 PM #13
- Join Date
- Jun 2015
- Posts
- 754
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11-29-2018, 04:32 PM #14
COJs are used all throughout the financial services and the legal industry. A COJ was even used against the owner of a large MCA company in Florida (WGF) by a hedge fund in New York. When he breached their agreement, they filed a COJ against him. Thousands of companies have a vested interest in keeping the legality of COJs right where they are.
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11-29-2018, 04:40 PM #15
- Join Date
- Jun 2017
- Posts
- 24
That could be the one benefit of some regulation--the x-cons and thugs that pervade the industry will have to find another job. Perhaps the bursted bubble is near. I've had data entry people ask me for help in starting their ISO shop. The organized players will survive and thrive once the dust settles.
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11-29-2018, 04:48 PM #16
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- Jun 2015
- Posts
- 3,323
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11-29-2018, 05:19 PM #17
- Join Date
- Nov 2018
- Posts
- 17
Do you think there is one person in the world who finds this article interesting?
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11-29-2018, 05:31 PM #18
I feel bad for the random dude stamping documents for $42 in a rural courthouse in Ontario County who is now the face of predatory lending.
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11-29-2018, 05:33 PM #19
- Join Date
- Dec 2017
- Posts
- 397
ever since karen revealed her identity she has been awfully quiet
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11-29-2018, 05:50 PM #20
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- Jun 2018
- Posts
- 462
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11-29-2018, 05:51 PM #21
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- Jun 2018
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- 462
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11-29-2018, 06:01 PM #22
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- Jun 2017
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- 24
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11-29-2018, 06:24 PM #23
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
Karen37a is no longer on this forum. She may have been a bit nuts but she was entertaining. RIP.
giphy.gif
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11-29-2018, 06:33 PM #24
- Join Date
- Dec 2017
- Posts
- 397
lol
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11-29-2018, 06:43 PM #25
- Join Date
- Nov 2018
- Location
- Phoenix AZ
- Posts
- 90
A) Why is Karen37a no longer a part of this forum? Just curious
B) What/Who is her true identity?
thanks
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