John Weakley Email & Phone Number

Indian Wells, Ca, Us

Engagements have included:-Financial & M&A Advisor, Pixel Magic Digital Animations in CA-Consultant, First Capital Corporation in CA (Mortgage Division of Cendant Inc. in NJ)-Organizing Consultant, Viral Arts Productions in CA-Strategic Planning Advisor, American Home Mortgage Company in CA-M & A Advisor, Southern Atlantic Financial Services in Atlanta

Us

Under an exclusive contract with First Indiana Bank, developed a nationwide network of home equity loan originators that originated approximately $150 million of home equity product.

Started this wholesale lending company as a joint venture with Directors Mortgage Loan Co. as Directors’ entry into the wholesale market. In April of 1992, acquired Equimor from Directors and expanded to cover the state of California with five offices. Company grew to $60m/mo and funded $2.2b overall of agency grade first mortgage loans eligible for sale to FHLMC, FNMA, RFC, Prudential, etc. Equimor was profitable every month from the second month of operation through September 1993. The Company was closed in April of 1994 due to the collapse of the real estate market in California.

Developed from start-up. In April, 1994 arranged for one-half of VMI’s common stock to be sold to First Indiana Bank (FIB) as a capital infusion transaction. Both FIB’s Chairman and President joined the VMI board. In of July 1987, negotiated for FIB’s common stock to be retired on a small leveraged buy-out financed by Citicorp-NY. VMI operated as a stand-alone mortgage banking operation that maintained $50 million in credit lines with B of A and Citicorp-NYC. Prior to the company’s sale to Capital Cities Savings of Austin, TX in February of 1988, VMI originated $850 million of agency grade loan product and retained $583 million in loan servicing with 26 investors nationwide. The company currently operates under the name of Temple Inland.

Managed this boutique NYC trading firm focused on bulk mortgage sales, mortgage backed security arbitrages and trades, commercial loan brokerage, and management consulting. Traded with the major securities and banking houses including Solomon Bros., Bausch & Co., Morgan Stanley, JP Morgan Bank and Chase Manhatten. Highlights of Huntoon's projects include:- In 1971, working directly with GNMA, developed the ability to auction pooled VA Vendee mortgage-backed securities, previously not eligible for pooling by GNMA. As organizing manager of these large auctions, sold $175 billion in mortgage-backed securities through all the major trading houses as well as Huntoon.-In 1974, acted as Managing Consultant in the formation of Sko-Fed Mortgage Corporation (Sko-Fed) in California with Skokie Federal Savings & Loan out of Illinois. Sko-Fed specialized in take-out loan commitments with major California builders, and was enormously profitable in the boom years between 1975 and 1979 in California. In 1977 Sko-Fed was the largest seller to FHLMC in the nation. In 1978, sold interest in Sko-Fed and continued in an advisory capacity until 1982.-In 1979-80, was retained by Skokie Federal to negotiate a work-out arrangement with the B of A, Wells Fargo and Security Pacific, who were holding about $75 million of the S&L’s upside-down mortgages in their warehouse lines due to the bond market collapsed in November of 1979. After 18 months of negotiation a successful conclusion was reached, with the underwater loans ultimately securitized under a pilot program for FHLMC that later became its trademark PC program that continues today. Skokie’s outside auditors deemed the repoed PCs as securities held for investment rather than held for sale, which was critical for Skokie’s ongoing financial health.In Feb 1982, sold interest in JP Huntoon.

Sold government-insured loans originated by mortgage bankers nationwide to institutional investors.

Managed sale of closed-loans for this Southern California mortgage banking company.

Entered the mortgage banking business with this company that later became Weyerhauser Mortgage.

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