Fuquan Bilal's Blog – May 2015 Archive (2)

Unlike first lien notes, servicing second lien notes requires less care as there is no requirement to maintain tax and insurance escrow accounts. Regardless of economic conditions, there were, are, and always will be residential mortgages in default. While pricing is low today, so are Horne values. As the supply of defaulted mortgages decreases, pricing will rise and come into balance with rising Horne values. Finally, there is a vacuum in private mortgage investment companies that…

“OUCH! Honey, I got another paper cut. Can we buy an electric envelope opener? Also, please pick up some more deposit slips when you are out and some Grey Poupon.”

Sure Beats Landlording!

Remember the days of being a landlord (though a therapist would probably tell you to try to forget). Plunging toilets and chasing tenants around trying to get rent . Calls at Three in the morning over leaky taps may be an exciting challenge for some people.…