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Updated almost 8 years ago,
Study exercise and learning for Notes
Hello, BP. I'm not sure if this is the right place, so mods, please move, if needed.
I'm in my education and learning phase, so I'm hoping some members can help enlighten me.
For this, I made sure all were NPNs, and all were 1st positions, as I felt comparing 1sts to 2nds would not be an accurate study. I know other factors, like the location, UPB, and such can also factor in the decision, so this is for general analysis & advice.
For UPB, how much of the percentage should I be looking at?
What, if anything, is good or bad about these examples? What options, if any, can be taken?
First is http://www.fciexchange.com/OHIO/Conventional/Non-P...
| General Note Information |
| Product ID0040564 |
| Lien Position1st Mortgage/Deed of Trust |
| Note StatusNon Performing |
| Note TypeConventional |
| # of Payments Last 12 Months0 |
| Paid To07/01/2013 |
| Loan Maturity07/01/2043 |
| Property TypeSingle Family Res |
| Original Balance$47,708.01 |
| Principal Balance$46,930.02 |
| Est. Market Value$11,000.00 |
| Payment Amount$328.14 |
| Note Rate7.500% |
| Sold Rate7.500% |
Seller asking: $1,877.20 (4% of UPB)
Next is http://www.fciexchange.com/TEXAS/Conventional/Non-...
| General Note Information |
| Product ID0041039 |
| Lien Position1st Mortgage/Deed of Trust |
| Note StatusNon Performing |
| Note TypeConventional |
| # of Payments Last 12 Months0 |
| Paid To09/23/2014 |
| Loan Maturity08/01/2028 |
| Property TypeSingle Family Res |
| Original Balance$38,708.67 |
| Principal Balance$37,267.30 |
| Est. Market Value$40,000.00 |
| Payment Amount$404.21 |
| Note Rate9.500% |
| Sold Rate9.500% |
Seller asking: $18,633.65 (50% of UPB)
Lastly: http://www.fciexchange.com/OKLAHOMA/Conventional/N...
| Product ID0040910 |
| Lien Position1st Mortgage/Deed of Trust |
| Note StatusNon Performing |
| Note TypeConventional |
| # of Payments Last 12 Months10 |
| Paid To10/15/2014 |
| Loan Maturity07/15/2026 |
| Property TypeSingle Family Res |
| Original Balance$51,000.00 |
| Principal Balance$44,187.50 |
| Est. Market Value$0.00 |
| Payment Amount$458.40 |
| Note Rate7.000% |
| Sold Rate7.000% |
Seller asking: $35,738.85 (80.88% of UPB)