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  • 00:37

    Buying/Selling Non-Performing Loans - Fullwood, Pinnacle Investments

    in Finance

    It was recently reported in DC News that three of the nation's largest mortgage lenders have put sizable packages of non-performing and performing mortgage loans on the market for investors to buy


    First reported by Bloomberg, The loans are worth a combined $4.5 billion.  Bank of America has put up approximately $2.56 billion worth of delinquent debt for sale, including non-performing loans, performing mortgages and home equity lines of credit (HELOCs), Citigroup has put up $1.8 billion worth of non-performing mortgages for sale, and JPMorgan Chase is looking for a buyer for $143 million worth of nonperforming mortgage loans.  And lastly, Freddie Mac just sold $440 million in non-performing loans.


    Data compiled by Mission Capital shows that about $4.2 billion worth of non-performing loans and $3.2 billion worth of modified or re-performing loans have traded or been put up for sale so far this year.


    Joining the broadcast to discuss the non-performing mortgage market is Troy Fullwood.  Troy is an 18+-year veteran of the secondary mortgage business, along with being a personal investor.  He has been involved in over 13 thousand residential mortgage transactions totaling over a billion dollars in transactional history throughout the United States. 

  • 00:16

    HELOC - Coming Due Soon?

    in Legal

    HELOCs entered into before the real estate collapse may be coming due soon.  This podcast with Tim Hughes of Lavelle Law will go over the advantages and disadvantages of filing chapter 13 bankruptcy when necessary.