MARLTON, N.J., April 2, 2013 /PRNewswire/ — Today, Carpe Aquam Capital LLC announced it will launch the BurkeyLoan Exchange. The BurkeyLoan Exchange will enable lenders, investors and government agencies to use the BurkeyLoan structure as an alternative to traditional residential mortgage loan securitizations.
The BurkeyLoan is a method of separating the risk characteristics of a loan into transparent and distinguishable components that investors buy. It differs from pooling, the current process of mortgage securitization, through which risk is aggregated. Investors are then queued into the distribution priority (waterfall) of pool proceeds.
The BurkeyLoan was originally developed as a residential mortgage loan solution that enabled lenders to refinance negative equity mortgages and reduce monthly payments, often by as much as fifty (50%) percent.
In the weeks to follow the Company will detail plans and how the BurkeyLoan structure offers:
- Standardized process
- End to end transparency from homeowner to investor
- Mechanism to dynamically isolate and price risk
- Vehicle to transition from government to private markets
- Lower monthly payment for homeowners
- Increase homeowner buying power upwards of 25%
Carpe Aquam Capital LLC is a financial service company that is committed to transforming the mortgage market and building a clear path to a new housing finance system. The Company does not directly originate loans from consumers or non-risk intermediaries. The BurkeyLoan program is only available to state and federal governments, banks chartered by them and select financial institutions. BurkeyLoan and The More Affordable Mortgage are registered trademarks of Carpe Aquam Capital LLC.
CONTACT:
John Burkey, President
Phone: 856.797.3538
Fax: 856.396.7447
www.carpeaquamcapital.com
Email
Carpe Aquam Capital LLC
PO Box 452 – 197 Munger Ave
Marlton, NJ 08053