I don't know if this is still true, but when my sister worked for the FDIC she said banks don't hold on to mortgages, they sell them on the secondary market to hedge funds and private investors. Because of that I joined a whole lot of note buyers pages and news letters, so far none of the very small banks in my area are selling non performing notes to people like me because they bundle them all up and like my sister said the big banks do and sell them on the secondary market around 90 days after close.
You're absolutely right! Most banks do sell mortgages on the secondary market, which is why we see hedge funds and private investors holding a significant portion of these notes. It’s all part of their risk management strategy. Bundling non-performing loans is a common practice, especially for larger banks, and it makes it tough for smaller investors to get access. It’s great that you’re staying informed through note buyer pages and newsletters-being ahead of the game is key in this market! Thanks for sharing your insights!
I don't know if this is still true, but when my sister worked for the FDIC she said banks don't hold on to mortgages, they sell them on the secondary market to hedge funds and private investors. Because of that I joined a whole lot of note buyers pages and news letters, so far none of the very small banks in my area are selling non performing notes to people like me because they bundle them all up and like my sister said the big banks do and sell them on the secondary market around 90 days after close.
You're absolutely right! Most banks do sell mortgages on the secondary market, which is why we see hedge funds and private investors holding a significant portion of these notes. It’s all part of their risk management strategy. Bundling non-performing loans is a common practice, especially for larger banks, and it makes it tough for smaller investors to get access. It’s great that you’re staying informed through note buyer pages and newsletters-being ahead of the game is key in this market! Thanks for sharing your insights!
How much do you think the rates will be cut to get the economy moving prior to the election and just before the holidays?