Note Mba

It has been another busy week so we are coming at you with a somewhat shorter show than normal. We start off going over the movie The Big Short. I don’t know what you’re waiting for if you’re in the note business and you haven’t taken the couple hours to get out of the house to see it. If you don’t get Chase’s Jenga reference about the collapse of the mortgage industry then you really need to get out and see it. We talk about having collateral files sent to you. Robby just bought a handful of new notes and had the files shipped to him to review instead of to his document storage company Richmond Monroe Group. Robby has seen more than his fair share of files and these ones are consolidated in a market that he is directly sending to his attorneys to begin foreclosing on the properties. Robby touches on doing some of your own borrower out reach versus having an outside company reach out to the borrowers for you. He’s finding the value of getting on the ground and knocking on the doors of the borrowers versus pas