According to a newly released report by Black Knight Financial Services, serious delinquencies increased both month-over-month and year-over-year as of the end of 2017. Florida now has the largest share of severely delinquent mortgages, followed by Mississippi, Louisiana, Texas, and Alabama. Joining the podcast to discuss the NPL market is David Gordon, Managing Director at ARC Asset Management.  Formerly with a Lehman Brothers and Morgan Stanley, David is responsible for purchasing first and second lien mortgages as well as esoteric assets throughout the US, Caribbean and Europe.