Experts Weigh in on Covid-19 Affect on Distressed Market
“I would say that currently we just closed on 120 loan trade , we are not as big in finance but we are a 50 million dollar book. So we are revolving around 25 million dollar check writes every month. We are actively buying and actively reselling some of that product. The inventory that we don’t sell, we are seasoning as a re-performing loan and eventually put out into the market at safe return for the end investor backed by single family home with a yield.
We feel strongly that some of the trades we saw pre-pandemic, as we conducted our due diligence over the last 45 days, we have closed 2.5 points below our pre-pandemic level.” – Chaz Guinn