USA Recovery Group

Mission Statement
To combine the substantial distressed financial asset management and disposition experience and resources of the individual USA Recovery Group team members to participate in the resolution of the significant challenges being presented by the current global financial crisis.

USA Recovery Group Overview

USA Recovery Group, LLC (USARG) is a Special Servicer that provides government agencies, financial institutions and portfolio investors with a full range of distressed asset management services including due diligence, asset servicing, loss mitigation and disposition. The members of USARG have longstanding experience assisting both the Federal Deposit Insurance Corporation (“FDIC”) and the Resolution Trust Corporation (“RTC”) in the recovery from the collapse of the United States savings and loan industry in the 1980’s-90’s , as well as currently representing, directly or through affiliates, international portfolios for the Export-Import Bank of the U.S., and tOPIC, the domestically for the U.S. Department of Education and the Ohio Attorney General . The members have managed over $ 20 billion (GBV) in distressed financial assets and have been the private sector participant in 10% of the FDIC public private partnerships formed by the FDIC over the past 17 years.

The members combined have managed and resolved in excess of $57 Billion in distressed assets of all types including both residential 1-4 and commercial whole loans in all asset classes as well as consumer and student loans, international commercial/industrial paper and JDC’s (Judgments, Deficiencies and Charge Offs). Continuing contracts include assignments from FDIC, HUD, FNMA, FHLMC, DOEd, USDA, DOS, VA, Export-Import Bank of the United States and the Overseas Private Investment Corporation as well as private financial institutions such as Wachovia, National City Bank, AEW, Deloitte & Touche, American Express and RSMI McGladrey.

USARG members are GSA-certified under the Financial and Business Solutions schedules, have been rated by all four rating agencies as a special servicer and have testified in front of both the House of Representatives and the Senate Banking Committee on selected brownfields and affordable housing issues.

All USARG members are among the few that have consistently remained in play in government contracting and public-private partnership management over the last 20 years. Please contact us to allow us to demonstrate that USARG has all of the capabilities, capacity and long standing experience to provide a full scope of distressed asset services and along with the existing key staff to drive all assigned projects to successful outcomes based on both internal and client established performance metrics.

In The NEWS

Will Potential Profits Help Lure the Private Sector to
Bank Rescue Plan?
USA Today - 3/24/09

Barry Fromm, CEO of Value Recovery Holding, was one of the lead contractors working with the FDIC buying up bad assets during the savings and loan crisis and said he also looks forward to bidding on the assets.

"We already do this kind of work — we have debt collectors, real estate specialists, lawyers, brokers and appraisers — all ready to start working with the government," Fromm said.

Veterans of ’90s Bailout Hope for Profit in New One
New York Times- 12/28/08

Mr. Silversmith, meanwhile, who during the savings and loan crisis helped arrange the sale of thrift assets, has teamed with Barry Fromm, the chief executive of Value Recovery Holding, one of the big government contractors who handled these sales. The two in recent weeks have held meetings with some of Mr. Silverstein’s former colleagues, including James Wigand, the deputy director in charge of the F.D.I.C. division that sells seized assets, to work on a plan to get ahold of some of the new wave of properties the federal government intends to put on the market as a result of recent bank failures.