Mortgage Note Price Inflation

[Jason Dellaposta]

Any note investors notice lately the prices to purchase 1st lien distressed loans have been increasing? The days of picking up a note for 30 cents to the dollar but 60% for non performing is getting a little out of hand. 

Our note broker so far has not increased the prices for us so we still get good deals but I hope it doesn't get out of hand for everyone. 

[Christopher Winkler]

Supply & demand, too many people coming into the note space paying too much, which will cause them to make low gains and hopefully motivate them to find the next shiny object. Its the same for junior liens...