Foreclosures, Mers and Stinky WoodpilesWhy do people invest in 500 packaged mortgages? Because, the 500 mortgages have borrowers who pay loan interest. If you’ve ever owned a home, you know that almost all of the house payment made goes to pay interest, not home equity (loan reduction) until the later years of the loan. If the average house payment is $1,000 that means the derivative package being offered gets $500,000 in monthly payments. Of that amount, 80-90 percent is loan interest.......
http://www.newswithviews.com/Barnewall/marilyn179.htm
by Marilyn Barnewall
http://www.newswithviews.com/Barnewall/marilyn179.htm
by Marilyn Barnewall
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