ALLEN, Texas, April 8, 2010 (GLOBE NEWSWIRE) -- 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.