The non-performing notes sector has been booming after the market went into debt due to the recession in 2008 and 2009. Now, the banks are selling the non-performing notes rather than foreclosing on them. Maintaining real estate is not what the banks want and that’s why they are now willing to sell these non-performing notes at a discount. Let’s discuss what NPN’s are in case … [Read more...] about Current Market Trends of Non Performing Notes (NPNs)
buy delinquent mortgages
We’re not even half way through the year and sales of non-performing note portfolios are already robust for 2015. Part of the credit goes to requirements issued by The Federal Housing Finance Agency (FHFA) to reduce the number of delinquent loans in the portfolios of Freddie Mac and Fannie Mae prompting several sales by these GSEs (Government Sponsored Enterprises). Largest … [Read more...] about Billions of Non Performing Notes Selling in 2015
It’s no secret the economy and housing crash resulted in record numbers of missed mortgage payments generating investor interest in delinquent, defaulted, and non-performing notes. In November, the MBA (Mortgage Banker’s Association) reported 9.75% of combined loans at least one payment past due or in foreclosure on residential 1-4 property, the lowest in five … [Read more...] about What About Brokering Non-Performing or Defaulted Notes?
Join us as we sit down with Eddie Speed, founder of Note School and author of Streetwise Seller Financing, for this month's Note Buyer Interview. Eddie Speed of Colonial Funding Group has been buying and selling notes for over 30 years and has transacted more than 30,000 deals. To know Eddie is to know a few of his "Eddie-isms". I still remember hearing one of his … [Read more...] about Note Buyer Interview With Eddie Speed Founder of Note School
Delinquent mortgages are on the rise causing increased demand for investors that will purchase notes with past due payments. Accordingly, we would like to pass along this valuable Note Buyer Directory update to our readers. DMO Direct Funding, LLC 218-A E. Eau Gallie Blvd. #110 Indian Harbour Beach, Florida 32937 Main Office: (321) 777-2833 Fax: (321) 777-2834 Web … [Read more...] about Note Buyer Directory Update – Delinquent Mortgages