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 Sale of Delinquent Loans by Freddie Mac In March Freddie Mac executed its largest sale of delinquent loans to date on … [Read more...]
What is LTV and ITV?
By
You have probably heard a lot of acronyms thrown around in the note industry. Some of the more common ones are LTV and ITV. LTV stands for Loan to Value. This is shown as a percentage. It is often used to determine “what is the likelihood the payor will continue to make payments” based on equity. … [Read more...]
