Category: Notes

January 28, 2019 by Chaz

Since the 2007 recession, most of America has believed our economy is on a steady incline and we are free and clear of another recession. According to Keith Jurow, in his article written “Why bubble-era home mortgages are a disaster waiting to happen” this is actually not the case.

“The truth is these mortgages are still dangerous and could soon undermine the housing recovery.”

KEITH JUROW

The below chart shows the drastic increase in loans delinquent more than 5 years… Hawaii (for example) once only had 4% delinquency rate went up to 67% in 2018.

His explanation points to factors such as homeowners who stop paying their mortgages without consequences…

Jurow’s claims are strengthened by the actions of Fannie Mae and Black Knight Financial Services. These companies regularly provide delinquency rate statistics, but for the past 2 years, the data has not been provided. The last available stats showed the re-default rates were nearly 40%.

To find out more about why Jurow believes we are only 6-12 months away from another housing bubble, visit his article HERE

We are excited to announce we will be attending the upcoming IMN’s 3rd Annual NPL Notes & Default Servicing Forum in Florida this upcoming February 7th thru 8th, 2019.

“IMN is excited to return to Fort Lauderdale, Florida on February 7-8th, 2019, for our next NPL, Notes & Default Servicing Forum. In its third year on the East coast, we look forward to welcoming back large institutional buyers, mid-sized funds and smaller private note buyers to discuss market trends, with new sessions addressing RPL securitization and REO to rental property strategy.

“In addition, we welcome a new crop of servicers and default professionals to discuss topics surrounding foreclosures and default servicing. These fresh supplements to the program and delegation promise valuable opportunities for information sharing and networking.”

To purchase your tickets, please visit the IMN Registration Page by CLICKING HERE.

According to the HousingWire… “Mortgage rates inched forward for the fourth consecutive week, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater said the 30-year fixed-rate mortgage increased once again to its highest level since May.”

“Amidst this four-week climb in mortgage rates, the welcoming news is that purchase applications have risen on an annual basis for five consecutive weeks; however, given the widespread damage caused by Hurricane Florence in the Carolinas, the next few months of housing activity will likely be somewhat volatile.”

SAM KHATER

Please click HERE to read the original article.

November 15, 2018 by Chaz

When our new investors begin learning the many benefits of investing in the distressed mortgage note space, they frequently ask us an important question…

How do I invest outside of my own backyard?

Ethan Roberts has addressed some of the pros about investing out-of-state, and ways to ensure your property is a successful investment decision.

Read more now by visiting his blog post HERE.