Performing note buying means purchasing existing mortgage notes, the debt instruments, where the borrower is current on payments, acquiring the right to receive those payments.
Log in to followA seller I've bought two singles from is offering four seasoned performing firsts as a pool, all or nothing. Total UPB $312,000, blended ask 86, so $268,320. A: UPB 96,400, coupon…
Picked up a performing first where taxes and insurance are not escrowed. Borrower pays the county and the carrier direct, has for six years, no lapse I can find. 74k balance, 9.25…
I've read the phrase maybe forty times and I still can't picture the transaction. A note has a face value. Someone sells it below that. But which number is face? Is it the origina…
Single performing first. UPB 118,500, coupon 7.25%, P&I 926, 39 payments on time with no lates in the servicer ledger, BPO 197,000, escrowed for taxes and insurance and both curre…