Who We Are

During the past 18 months, the Federal Reserve spent $1.25 trillion buying mortgage-backed securities. Now, the Motley Fool is stepping up to the plate to save America where the Fed left off. Long Term Mortgage Management is raising $1 billion, which will be levered up to purchase $1 trillion worth of mortgage-backed securities. And individual investors like you can join our world-class fund managers (see below) as they make billions from the mortgage crisis, while helping struggling American families.

How You Can Help Us Save America

If you'd like to find out more about Long Term Mortgage Management, please see our grand opening announcement and 20 Frequently Asked Questions. Space is extremely limited, so if you have any questions or opinions about Long Term Mortgage Management, or would like to reserve your spot in the fund, simply fill out the boxes at right.

Meet the Team!

Tom Gardner has assembled some of the greatest minds ever to save the nation from the mortgage mess:

Ilan Moscovitz, Boy Genius

With little help from his parents, Ilan acquired his first mortgage at age 4. He has been fascinated by them ever since. By 2002, after skipping ten grade levels, Ilan dropped out high school to cash in on the mortgage (read more...)

Jane Vegas, Ph.D., "Dr. Cool"

Jane Vegas graduated from the University of Florida in 1996 and received a Ph.D. in Applied Mathematics from Harvard a few years later. After conducting pioneering research in high frequency trading (read more...)

Jerry Mofsen, Ph.D.

Mofsen has made several seminal contributions for which many have hailed him as the Dykstra of Modern Finance. Mofsen earned his doctorate in economics from MIT in 1970. He then joined the faculty of the MIT Sloan School (read more...)

Jane Vegas, Jerry Mofsen, Ilan Moscovitz and LTMM may own ABS, ARMS, MBS, CMBS, CMOs, BRICs, CDOs, CDS, CBOs, CLOs, CARDS, DECS, EIAs, ETFs, HLTs, IPOs, LBOs, ETNs, MBOs, BIMBOs, MBS, PERCS, PIPEs, REMICs, RIBs, SAMs, SPACs, SPARQS, STRYPES, TANS, ELKS, LYONs, PRIDES, TIGRs, ZEBRAs, PIIGS, NINAs, and NINJAs from all 50 States, the District of Columbia, Guam, and Guantanamo Bay. LTMM has a disclosure policy.

Ilan Moscovitz, Boy Genius

Ilan Moscovitz, Boy Genius

With little help from his parents, Ilan acquired his first mortgage at age 4. He has been fascinated by them ever since. By 2002, after skipping ten grade levels, Ilan dropped out high school to cash in on the mortgage craze. In 2007, as one of the few investors sensing a top in the real estate market, Ilan went back to school. He attended Harvard where in just two years he completed a BS MSF/MBA/J.D. Upon graduating in 2009 at age 17, Tom Gardner hired Ilan after reading his award winning thesis,

The Bull**** the Bankers Made, or, Case Studies in Non-Rational Lending, With Illustrations from California, Florida, and New York City. Including Expert and Practical Commentary On This Important Topic, Its Properties, Authentification For Particulars, Implications For Mortgage Borrowers. And An Attempt At Deriving A Contentful Analysis Of The Subject, That The Reader May Better Discern Its Meaning. Concluding Discourse to Elucidate ABS, ARMS, MBS, CMBS, CMOs, BRICs, CDOs, CDS, CBOs, CLOs, CARDS, DECS, EIAs, ETFs, HLTs, IPOs, LBOs, ETNs, MBOs, BIMBOs, MBS, PERCS, PIPEs, REMICs, RIBs, SAMs, SPACs, SPARQS, STRYPES, TANS, ELKS, LYONs, PRIDES, TIGRs, ZEBRAs, PIIGS, NINAs, and NINJAs.

Ilan Moscovitz is proud to serve the public as Director of Riskless Leveraged Securities Trading & Arbitrage Operations for Long-Term Mortgage Management. Ilan lives in the office with his beard.

Jane Vegas, Ph.D.

Jane Vegas, Ph.D., "Dr. Cool"

Jane Vegas graduated from the University of Florida in 1996 and received a Ph.D. in Applied Mathematics from Harvard a few years later. After conducting pioneering research in high frequency trading on Wall Street, Jane returned to the University of Florida for her second Ph.D.

Vegas was initially expelled from the Ph.D. program due to her inability to settle on a thesis topic, having switched from German Economics to Shopping Wealth Management, then to Buddhism and English. Vegas then joined an auto industry think tank, working on a system for understanding chaos theory paired with huge amounts of debt. These efforts have sometimes ended well. Her research is widely credited with keeping Ford Motor Co. from bankruptcy.

Vegas was later able to submit her work for completion of the University of Florida Ph.D. Her dissertation entitled, Buddhism and The Production Of American Cool, explored Zen strategies for navigating chaotic times. She has used that knowledge to profit wildly in the markets with zero volatility. Jane Vegas is proud to serve the public as Director of Risk-Free Macroeconomic Chaos Strategy for Long Term Mortgage Management. Jane enjoys reruns of the show Rock of Love with Bret Michaels and is married to Ricky. She's pictured here with resident pooch, Edsel.

Jerry Mofsen, Ph.D.

Jerry Mofsen, Ph.D.

Mofsen has made several seminal contributions for which many have hailed him as the Dykstra of Modern Finance. Mofsen earned his doctorate in economics from MIT in 1970. He then joined the faculty of the MIT Sloan School of Management where he taught until 1988. After tiring of MBAs, Mofsen took the unparalleled step of returning to school to study the physical sciences. He earned a B.S. in Chemistry from Gonzaga Univ., and his doctorate in Biochemistry & Molecular Biology from Washington State University in 1994. Subsequently, Mofsen began consulting for firms around the world.

In 1990, he published Mofsen's Spending Problem, which proposed a formula to help people to decide how much of their income they can consume at present and how much of the remainder should be allocated toward investments. His formula of "Spend 110% of Income" has received wide acclaim in the U.S. for over twenty years.

In 1999, Mofsen introduced the .Com Asset Pricing Model (.CAPM), which incorporated domain names into the Efficient Market Hypothesis.

In 2003, Jerry published the Mofsen Model for Pricing Mortgages, which is an elegantly derived, more generalized pricing formula than the one previously used by banks to price mortgages. His model, "Who cares, housing prices always rise!" nearly won Mofsen the Nobel Prize in Economics.

Mofsen has extensively consulted for industry. These efforts have sometimes ended badly. Previous clients include the savings & loan industry, Zeigletics, Pets.com, eMeringue, Time Warner, Enron, Worldcom, Tyco, Amaranth Advisors, Countrywide, Northern Rock, U.S. automakers, Iceland, and Greece. Although some of these groups have met difficulty, the reputation of Mofsen was never tarnished.

In 2007, Mofsen was hired as Chief Scientist of a Wall Street firm. In Sept. 2008, the firm declared bankruptcy. Tom Gardner hired Jerry out of the wreckage. Mofsen is proud to serve the public as Director Of Evolutionary Delta Risk Management Squared for Long Term Mortgage Management. Jerry lives in Virginia with his wife Doreen.