Scudder Bay Capital Began on a Simple Premise

Scudder Bay Capital was formed in 2009 by Bryan Ganz and his late wife Susan. It was Susan's penchant for helping those in unfortunate circumstances that spurred the company's creation. She had long been an active volunteer for the Boston Court Appointed Special Advocates (CASA), which provided advocacy for abused and neglected children, where she also served on the Board of Friends of CASA.

After its formation, Scudder Bay then set out to help homeowners who found themselves caught in the downward spiral of missed mortgage payments and declining home values. By purchasing non-performing loans, and working cooperatively with deserving homeowners to extinguish their past due obligations and get them back on their feet financially, Scudder Bay began to reduce the mortgage market logjam and freed up capital and credit for more housing investment. Sadly, Susan passed away in early 2012, her her passion for helping others less fortunate is still prevalent throughout all of Scudder Bay's policies.

Now More Than Ever, Homeowners Face a Dire Economic Situation

In today’s bleak economic environment, an unprecedented number of homeowners are failing to make their monthly mortgage payments. Some borrowers have lost jobs and no longer have the income to make the payments. Others have watched the underlying value of their homes fall below the outstanding loan amount and, having lost all the equity in their home, see no reason to keep the loan current. Still others took on these loan obligations in the midst of the sub-prime mortgage boom, generally with the encouragement of self-interested mortgage brokers, without the intention or ability to ever repay the loan.

For these individuals, the dream of home ownership has become a living nightmare. With unpaid principal balances well in excess of home values, and monthly mortgage payments that exceed their ability to pay, these homeowners are facing financial ruin. The result is devastating not only for the families of these homeowners, but for the nation as a whole.

Opening Up Lending Capacity and Liquidity

Scudder Bay buys severely non-performing mortgage loans from their current holders, which includes loan originators such as community banks, as well as hedge funds, investment banks, and other asset managers who have acquired mortgage loans in the secondary market. We bring with us a number of advantages, including a strong knowledge of the local market and the ability to meet with homeowners face-to-face to quickly reach a workable resolutions.