Your Blog

Included page "clone:della5workman4" does not exist (create it now)

Goldman Sachs’ House of Junk - 22 Apr 2016 05:55


[[html]]Editors Note: On April 11, Goldman Sachs agreed to a $5.1 billion fine with the Department of Justice for deceiving investors in mortgage bonds. In late 2007, Fortune published, House of Junk one of the first stories to document how Wall Street had packaged up risky mortgages into bonds and sold those bonds off as safe investments to an unsuspecting investing public. The story looked under the cover of one particularly rotten mortgage bond underwritten by Goldman. The story went on to win a number of awards including a Loeb Award, one of business journalisms highest honors. According to the Loeb judges, Of the countless stories about the subprime crisis, this piece stood out among the rest in depth of reporting and quality of writing.<br><br>Its getting hard to wrap your brain around subprime mortgages, Wall Streets fancy name for junk home loans. Theres so much subprime stuff floating aroundmore than $1.5 trillion of loans, maybe $200 billion of losses, thousands of families facing foreclosure, umpteen politicians yappingthat its like the federal budget: Its just too big to be understandable.<br><br>So lets reduce this macro story to human scale. Meet GSAMP Trust 2006-S3, a $494 million drop in the junk-mortgage bucket, part of the more than half-a-trillion dollars of mortgage-backed securities issued last year. We found this issue by asking mortgage mavens to pick the worst deal they knew of that had been floated by a top-tier firmand this ones pretty bad.<br><br>It was sold by Goldman Sachs gsGSAMP originally stood for Goldman Sachs Alternative Mortgage Products but now has become a name itself, like AT&amp;T t and 3M mmm. This issue, which is backed by ultra-risky second-mortgage loans, contains all the elements that facilitated the housing bubble and bust. Its got speculators searching for quick gains in hot housing markets; its got loans that seem to have been made with little or no serious analysis by lenders; and finally, its got Wall Street, which churned out mortgage product because buyers wanted it. As they say on the Street, When the ducks quack, feed them.<br><br>Alas, almost everyone involved in this duck-feeding deal has had a foul experience. Less than 18 months after the issue was floated, a sixth of the borrowers had already defaulted on their loans. Investors who paid face value for these securitiesthey were looking for slightly more interest than theyd get on equivalent bondshave suffered heavy losses. Thats because their securities have either defaulted (for a 100% loss) or been downgraded by credit-rating agencies, which has depressed the securities market prices. (Check out one of these jewels on a Bloomberg machine, and the price chart looks like something falling off a cliff.)<br><br>Even Goldman may have lost money on GSAMPbut being Goldman, the firm has more than covered its losses by betting successfully that the price of junk mortgages would drop. Of course, Goldman knew a lot about this market: GSAMP was just one of 83 mortgage-backed issues totaling $44.5 billion that Goldman sold last year.<br><br>Now lets take it from the top.<br><br>In the spring of 2006, Goldman assembled 8,274 second-mortgage loans originated by Fremont Investment &amp; Loan, Long Beach Mortgage Co., and assorted other players. More than a third of the loans were in California, then a hot market. It was a run-of-the-mill deal, one of the 916 residential mortgage-backed issues totaling $592 billion that were sold last year.<br><br>The average equity that the second-mortgage borrowers had in their homes was 0.71%. (No, thats not a misprintthe average loan-to-value of the issues borrowers was 99.29%.) It gets even hinkier. Some 58% of the loans were no-documentation or low-documentation. This means that although 98% of the borrowers said they were occupying the homes they were borrowing onowner-occupied loans are considered less risky than loans to speculatorsno one knows if that was true. And no one knows whether borrowers incomes or assets bore any serious relationship to what they told the mortgage lenders.<br><br>(For more on Wall Street and the financial crisis: Robert Rubin Was Targeted By Financial Crisis Commission)<br><br>You can see why borrowers lined up for the loans, even though they carried high interest rates. If you took out one of these second mortgages and a typical 80% first mortgage, you got to buy a house with essentially none of your own money at risk. If house prices rose, youd have a profit. If house prices fell and you couldnt make your mortgage payments, youd get to walk away with nothing (or almost nothing) out of pocket. It was go-go finance, very 21st century.<br><br>For more on Goldman Sachs, watch this Fortune video:<br><br>Goldman acquired these second-mortgage loans and put them together as GSAMP Trust 2006-S3. To transform them into securities it could sell to investors, it divided them into trancheswhich is French for slices, in case youre interested.<br><br>There are trillions of dollars of mortgage-backed securities in the world for the same reason that Tyson Foods offers you chicken pieces rather than insisting you buy an entire bird. Tyson can slice a chicken into breasts, legs, thighs, gibletsand Lord knows what elseand get more for the pieces than it gets for a whole chicken. Customers are happy, because they get only the pieces they want.<br><br>Similarly, Wall Street carves mortgages into tranches because it can get more for the pieces than it would get for whole mortgages. Mortgages have maturities that are unpredictable, and they require all that messy maintenance like collecting the monthly payments, making sure real estate taxes are paid, chasing slow-pay and no-pay borrowers, and sending out annual statements of interest and taxes paid. Securities are simpler to deal with and can be customized.<br><br>Someone wants a safe, relatively low-interest, short-term security? Fine, well give him a nice AAA-rated slice that gets repaid quickly and is very unlikely to default. Someone wants a risky piece with a potentially very rich yield, an indefinite maturity, and no credit rating at all? One unrated X tranche coming right up. Interested in legs, thighs, giblets, the heart? The butcherexcuse us, the investment bankergives customers what they want.<br><br><img style="float:right;margin:10px;border:none;" src="" width="307" /><br><br>In this case, Goldman sliced the $494 million of second mortgages into 13 separate tranches. The $336 million of top tranchesnamed cleverly A-1, A-2, and A-3carried the lowest interest rates and the least risk. The $123 million of intermediate tranchesM (for mezzanine) 1 through 7are next in line to get paid and carry progressively higher interest rates.<br><br>Finally, Goldman sold two non-investment-grade tranches. The first, B-1 ($13 million), went to the Luxembourg-based UBS Absolute Return fund, which is aimed at non-U.S. investors and thus spread GSAMPs problems beyond our borders. The second, B-2 ($8 million), went to the Morgan Keegan Select High Income fund. (Like most of this article, this information is based on our reading of various public filings; UBS and Morgan Keegan both declined to comment.) Goldman wouldnt say, but it appears to have kept the 13th piece, the X tranche, which had a face value of $14 million (and would have been worth much more had things gone as projected), as its fee for putting the deal together. Goldman may have had money at risk in some of the other tranches, but theres no way to know without Goldmans cooperation, which wasnt forthcoming.<br><br>How is a buyer of securities like these supposed to know how safe they are? There are two options. The first is to do what we did: Read the 315-page prospectus, related documents, and other public records with a jaundiced eye and try to see how things can go wrong. The second is to rely on the underwriter and the credit-rating agenciesMoodys and Standard &amp; Poors. That, of course, is what nearly everyone does.<br><br>In any event, its impossible for investors to conduct an independent analysis of the borrowers credit quality even if they choose to invest the time, money, and effort to do so. Thats because Goldman, like other assemblers of mortgage-backed deals, doesnt tell investors who the borrowers are. One Goldman filing lists more than 1,000 pages of individual loansbut theyre by code number and zip code, not name and address.<br><br>Even though the individual loans in GSAMP looked like financial toxic waste, 68% of the issue, or $336 million, was rated AAA by both agenciesas secure as U.S. Treasury bonds. Another $123 million, 25% of the issue, was rated investment grade, at levels from AA to BBB. Thus, a total of 93% was rated investment grade. Thats despite the fact that this issue is backed by second mortgages of dubious quality on homes in which the borrowers (most of whose income and financial assertions werent vetted by anyone) had less than 1% equity and on which GSAMP couldnt effectively foreclose.<br><br>How does toxic waste get distilled into spring water? Watch. Its all in the mathand the assumptions about how borrowers will behave.<br><br>These loans, which are fixed-rate, carried an average interest rate of 10.51%. After paying the people who collected the payments and handled all the other paperwork, the GSAMP Trust had ten percentage points left. However, the interest on the securities that GSAMP issued ran to only about 7%. (We say about because some of the tranches are floating-rate rather than fixed-rate.) The difference between GSAMPs interest income and interest expense was projected at 2.85% a year. That spread was supposed to provide a cushion to offset defaults by borrowers. In addition, the aforementioned X piece didnt get fixed monthly payments and thus provided another bit of protection for the 12 tranches ranked above it.<br><br>Remember that were dealing with securities, not actual loans. Thus losses arent shared equally by all of GSAMPs investors. Any loan losses would first hit the X tranche. Then, if X were wiped out, the losses would work their way up the food chain tranche by tranche: B-2, B-1, M-7, and so on.<br><br>The $241 million A-1 tranche, 60% of which <a href="">resource</a> has already been repaid, was designed to be supersafe and quick-paying. It gets first dibs on principal paydowns from regular monthly payments, refinancings, and borrowers paying off their loans because theyre selling their homes. Then, after A-1 is paid in full, its the turn of A-2 and A-3, and so on down the line.<br><br>Moodys projected in a public analysis of the issue that less than 10% of the loans would ultimately default. S&amp;P, which gave the securities the same ratings that Moodys did, almost certainly reached a similar conclusion but hasnt filed a public analysis and wouldnt share its numbers with us. As long as housing prices kept rising, it all looked copacetic.<br><br>Goldman peddled the securities in late April 2006. In a matter of months the mathematical models used to assemble and market this issueand the models that Moodys and S&amp;P used to rate itproved to be horribly flawed. Thats because the models were based on recent performances ofjunk-mortgage borrowers, who hadnt defaulted much until last year thanks to the housing bubble.<br><br>Through the end of 2005, if you couldnt make your mortgage payments, you could generally get out from under by selling the house at a profit or refinancing it. But in 2006 we hit an inflection point. House prices began stagnating or falling in many markets. Instead of HPAindustry shorthand for house-price appreciationwe had HPD: house-price depreciation.<br><br><img src="" width="290" /><br><br>Interest rates on mortgages stopped falling. Way too late, as usual, regulators and lenders began imposing higher credit standards. If you had borrowed 99%-plus of the purchase price (as the average GSAMP borrower did) and couldnt make your payments, couldnt refinance, and couldnt sell at a profit, it was over. Lights out.<br><br>As a second-mortgage holder, GSAMP couldnt foreclose on deadbeats unless the first-mortgage holder also foreclosed. Thats because to foreclose on a second mortgage, you have to repay the first mortgage in full, and there was no money set aside to do that. So if a borrower decided to keep on paying the first mortgage but not the second, the holder of the second would get bagged.<br><br>If the holder of the first mortgage foreclosed, there was likely to be little or nothing left for GSAMP, the second-mortgage holder. Indeed, the monthly reports issued by Deutsche Bank, the issues trustee, indicate that GSAMP has recovered almost nothing on its foreclosed loans.<br><br>By February 2007, Moodys and S&amp;P began downgrading the issue (see chart). Both agencies dropped the top-rated tranches all the way to BBB from their original AAA, depressing the securities market price substantially.<br><br>In March, less than a year after the issue was sold, GSAMP began defaulting on its obligations. By the end of September, 18% of the loans had defaulted, according to Deutsche Bank. As a result, the X tranche, both B tranches, and the four bottom M tranches have been wiped out, and M-3 is being chewed up like a frame house with termites. At this point, theres no way to know whether any of the A tranches will ultimately be impaired.<br><br>[In hindsight,] I think we would not have rated it had Moodys realized what was going on in the junk-mortgage market, says Nicolas Weill, the firms chief credit <a href="">[source]</a> officer for structured finance. Low credit scores and high loan-to-value ratios were taken into account in Moodys original analysis, of course, but the firm now thinks there were things it didnt know about. Weill doesnt lay blame on any particular party, although in a Sept. 25 special report posted on Moodys website, he called for additional third-party oversight that reviews the accuracy of the information provided by borrowers, appraisers, and brokers to originators when it comes to junk issues. Or, as he calls them, non-prime.<br><br>S&amp;P, by contrast, says that it considers both its original rating and subsequent downward revisions correct. We used the best information available at the time, says Vickie Tillman, S&amp;Ps chief rating officer.<br><br>If you read documents that Goldman filed with the SEC in connection with this offering, you discover that they warn about pretty much everything weve discussed so far and some things we havent: the impact of falling house prices, the difficulty of foreclosing, the possible changes in credit ratings, the fact that more than half the mortgages were in California, Florida, and New York, all of which were overheated markets. Its all disclosed. In capital letters. So no buyerand this is aimed at sophisticated investorscan say he wasnt warned.<br><br>Goldman said it made money in the third quarter by shorting an index of mortgage-backed securities. That prompted Fortune to ask the firm to explain to us how it had managed to come out ahead while so many of its mortgage-backed customers were getting stomped.<br><br>Goldmans profits came from hedging the mortgage securities it keeps in inventory in order to make trading markets. It said in a recent SEC filing, Although we recognized significant losses on our non-prime mortgage loans and securities, those losses were more than offset by gains on short mortgage positions.<br><br>As we interpret thisthe firm declined to elaborateGoldman made more on its hedges than it lost on its inventory because junk mortgages fell even more sharply than Goldman thought they would.<br><br>What is there to take away from our course in Junk Mortgages 101? Two things. First, you have to pay at least some attention to all those risk factors that issuers forever warn you aboutespecially when youre dealing with a whole new thing like junk mortgages issued en masse instead of by specialists. Second, when you rely on the underwriter and the rating agencies to do all your homework for you, you dont have safety. You have only the illusion of safety.<br><br>Reporter Associate: Doris Burke<br><br>A version of this article was originally published in the October 29, 2007 issue of Fortune.<br><br><a href=''></a><br><br>[[/html]] - Comments: 0

armando montelongo real estate program? - 21 Apr 2016 07:06


[[html]]Armando Montelongo is the current "king" of the infomercial real estate gurus and seminars. Like most "gurus" Montelongo uses high-pressure sales gimmicks like infomercials and seminars to hawk his program. Bill Vaughn does not use such gimmicks - the success of his clients results in referrals. Success of the student, not the guru, is the ultimate proof that the course delivers the goods. <br><br><img style="float:left;margin:10px;border:none;" src="" width="328" /><br><br><object width="400" height="241"><param name="movie" value=""></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="400" height="241"></embed></object><br><br>Of the 22 methods of real estate investing, Armando Montelongo teaches one - rehabbing and flipping foreclosures, which has very limited applications, and also requires availability of cash and good credit - two things that most people looking for financial security do not have. Having only one method of investing is not a good plan - markets and economies change. A method that works well in one market type may be a complete bust when the market changes. Bill Vaughn teaches all 22 methods, in clear detail. No matter what the current economic conditions, you will have strategies that will make you money. <br><br><img src="" width="276" /><br><br>Armando Montelongo Seminars LLC has an "F" rating with the Better Business Bureau. The BBB has also posted an online SCAM ALERT in connection with Armando Montelongo seminars and similar seminars and boot camps. According to the BBB, it appears Armando Montelongo's seminars and bus tours are designed not so much to teach people investing <a href="">Scott Yancey Real Estate</a> so much as to drain their bank accounts. NOTE: The Texas Attorney General felt the same <a href="">Doug Clark Seminar review</a> way, and in 2011 forced Montelongo into an agreement to follow certain guidelines to insure keeping within the law. But there <a href="">connect with Scott Yancey</a> is still no assurance he will deliver the goods. ………Real Estate Agent Bendigo<br><br><a href=''></a><br><br><object width="400" height="241"><param name="movie" value=""></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="400" height="241"></embed></object>[[/html]] - Comments: 0

Can anyone explain how probate real estate investing works? - 21 Apr 2016 06:41


[[html]]While an executor or personal representative for an estate may need to sell <a href="">Go Time by Scott Yancey</a> an estate's assets, such as real estate to pay off the estate's debt, most already know an agent or 2. <br><br>To target these as potential home sellers is pretty much the equivilent of ambulance chasing. And as BrokerPro said, if it's so profitable &amp; these homes are offered at such a discount, why isn't the guy snatching up these homes instead of selling you his course and giving away his "secrets". <br><br><img src="" width="253" /><br><br><object width="400" height="241"><param name="movie" value=""></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="400" height="241"></embed></object><br><br>Plus most people that are appointed as an executor are not stupid &amp; actually, part of the probate &amp; estate process requires that all <a href="">Doug Clark Seminar review</a> the estates assets be valued. For real estate, this needs to be in writing, such as a CMA from a real estate agent. The entire estate must be valued &amp; assets may have to be sold, or may not have to be sold. <br><br><img src="" width="259" /><br><br><object width="400" height="241"><param name="movie" value=""></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="400" height="241"></embed></object><br><br>My mother died with 1.5+ mill in real estate. We sold one commercial building &amp; then a recreational lot, but are holding the other 3 properties as they are owned free &amp; clear. Doesn't cost us but taxes, insurance and utilities. No mortgages. <br><br><img style="float:right;margin:10px;border:none;" src="" width="304" /><br><br><a href=''></a><br><br><object width="400" height="241"><param name="movie" value=""></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="400" height="241"></embed></object>[[/html]] - Comments: 0

Online Real Estate Investor Training Company Announces New Membership Packages. - 17 Apr 2016 19:49


[[html]]Austin, TX, February 21, 2016 ( Cash Flow Depot, anonline real estate investor training company known for its risk-free,creative real estate investment strategies, announces today its newmembership packages. Yearly and monthly training packages are currentlyavailable and these include access to the largest and most comprehensivelibrary of real estate training.<br><br>Cash Flow Depot specializes in teaching investment deals that&#13;provide the lowest risk but the highest possible returns. Training will&#13;focus <a href="">Scott Yancey Live Events</a> on wholesale flips, master lease, negotiating, financing,&#13;marketing, highest bidder sale, mobile home investing, options, success&#13;secrets mindset, seller financing, buying and selling tricks,&#13;foreclosures, outsourcing, private lenders, IRA and Roth investing, and&#13;asset protection.&#13;<br><br><object width="400" height="241"><param name="movie" value=""></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="400" height="241"></embed></object><br><br>In addition to the topics mentioned, members will also receive free&#13;bonuses worth $1,500. These bonuses include online seminars and books&#13;that are loaded with valuable information. Members also get the chance&#13;to join monthly coaching calls and the coaching forum. The forum is a&#13;place for real estate investors to interact with each other, find&#13;answers to real estate questions, get help in deal structuring and get&#13;lots of advice <a href="">Scott Yancey</a> on how to make more money.&#13;<br><br><img style="float:right;margin:10px;border:none;" src="" width="336" /><br><br>"At Cash Flow Depot, we provide a huge array of learning&#13;materials because we really want our students to learn how to make good&#13;money in real estate investing," says Jackie Lange, founder and CEO&#13;of Cash Flow Depot. "We provide all the training that you need and&#13;your job is to do the training. Cash Flow Depot is the only place where&#13;you can get training from real estate investors who are in the business&#13;from 20-40 years. We teach true real estate experiences and strategies&#13;that have worked all these years."&#13;<br><br>Cash Flow Depot has plenty of successful members. Long time member,Latron Thorne says, "I can honestly say, learning from Jackie hasput a lot of money in my pocket. Jackie taught me that you don'thave to do a lot of deals, as long as the ones you do are veryprofitable. She showed me how to make my marketing specific enough tohave sellers call me. Jackie dispelled the myth that you must havemoney. And Jackie has given me support and confidence to know this ispossible."<br><br>Cash Flow Depot offers monthly and yearly membership packages that&#13;will open the door to quality online real estate investor training.&#13;Members will gain access to a vast library of online learning materials&#13;that include videos, online seminars, books and articles. Members will&#13;also get the opportunity to meet experienced real estate investors.&#13;Interested parties may visit the Cash Flow Depot website or send an&#13;email to moc.topeDwolFhsaC|ofni#moc.topeDwolFhsaC|ofni for details.&#13;<br><br>About;<br><br> is a real estate investor training website&#13;offering a vast library of real estate courses, online seminars, books,&#13;manuals, and many more. With the tagline, "Where you don't&#13;have to spend a <a href="">Scott Yancey complaints</a> fortune to learn how to make one,"&#13; offers affordable training courses packed with&#13;quality, reliable information. The main focus of the company is teaching&#13;about risk-free investments even with no cash, credit or experience.&#13;This, along with a qualified team of instructors and successful&#13;graduates, is what sets apart from other real estate&#13;investor training companies worldwide.&#13;<br><br><object width="400" height="241"><param name="movie" value=""></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="400" height="241"></embed></object><br><br>Contact Information:&#13;<br><br>Cash Flow Depot&#13;<br><br>Jackie Lange&#13;<br><br><object width="400" height="241"><param name="movie" value=""></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="400" height="241"></embed></object><br><br><img src="" width="314" /><br><br>512-537-3300&#13;<br><br>Contact via Email&#13;<br><br><img style="float:left;margin:10px;border:none;" src="" width="359" /><br><br>;<br><br>;<br><br>Read the full story here:;<br><br><a href=''></a>[[/html]] - Comments: 0

Afero Launches Platform to Securely Connect the Internet of Things, in the Home and Beyond - 09 Apr 2016 16:22


[[html]]Accelerating the Reality of IoT Connected Products<br><br>Afero is a secure, end-to-end IoT platform that unlocks smart capabilities for any product in virtually any industry. The platform incorporates a secure Bluetooth Smart module, scalable cloud services, mobile apps, and a range of development tools. Afero reduces the complexity of IoT development and provides a secure connection between devices and the cloud, allowing companies and developers to deliver innovations to the burgeoning marketplace faster.<br><br>The Internet of Things has been called the next Industrial Revolution, with the potential to radically transform how businesses, governments, and everyday people interact with the physical world. By 2020, it is expected that there will be 50 to 100 billion connected devices. While this explosion in smart devices creates new possibilities for businesses to build breakthrough products that improve people's lives, the industry is also fragmented and open to security risks.<br><br>Security was a primary impetus behind the creation of Afero and is deeply woven throughout the platform's architecture. The team developed advanced, patent-pending authentication and encryption technologies to ensure that no data can be accessed maliciously from any device or gateway point on the platform.<br><br>Afero combines connectivity and security at the three key touch points for all connected devices:<br><br><img src="" width="313" /><br><br>The product, through an embedded, secure radio module The mobile phone, through app-level monitoring and control The cloud, through web APIsThis complete platform accelerates the creation of connected devices by minimizing the investment normally required for software development and testing, while ensuring a secure and scalable solution.<br><br>To date, some of the world's largest companies, spanning various industries, have chosen Afero to build cloud-connected products and services. Current partners include BANDAI NAMCO Studios, one of the world's largest makers of toys and video games, and Infocom, the leader in healthcare IT systems and operation management services.<br><br>Additionally, Afero is working Murata Manufacturing Co. — the global leader in the design and manufacturing of electronic components for companies like Samsung and Apple — to manufacture the Afero ASR-1 module, a secure Bluetooth Smart module.<br><br>Unlike other Internet of Things platforms, Afero is pure-play and does not build products that compete with its partners. That way, the platform remains an agnostic yet inclusive ecosystem that connects the smartest things in the world.<br><br>The Afero team has spent decades working at some of the world's most innovative places like Apple, Google, Nest, Amazon, Netflix, Twitter, and Microsoft. At Afero, they have joined forces to provide everyone, from individual developers to large corporations, the ability to quickly and easily leverage the Internet of Things, so that their partners can focus on building the products and services that they most care about.<br><br>For more information on Afero and its IoT platform solution, click here:<br><br>About Afero<br><br>Created by mobile and hardware veterans from Google, Apple, Nest, Amazon, Twitter, and Netflix, Afero is a comprehensive and secure platform for cloud-connected devices in any industry. The Afero turnkey architecture incorporates a secure Bluetooth Smart module, scalable cloud services, and a range of development tools that enable companies and developers to quickly prototype and build connected devices, then gather meaningful analytics. Afero connects your smart devices and enables them to work together. Afero empowers entrepreneurs and companies to improve the way people communicate with each other and everything around them.<br><br>Photo -<br><br><img src="" width="276" /><br><br>To view the original version on PR Newswire, visit:<br><br>SOURCE Afero<br><br>Related Links <br><br>&#13;<br><br><a href=''></a><br><br>[[/html]] - Comments: 0

Unless otherwise stated, the content of this page is licensed under Creative Commons Attribution-ShareAlike 3.0 License