W. J. Mencarow

Why are notes discounted?

Because of THE TIME VALUE OF MONEY: dollars in the future are worth less than dollars today. A financial calculator is used to determine the value of a note, based on the investor´s desired yield.’

What is a cash flow note?

Investors in cash flows find them to be high-yielding investments. Notes, also called cash flows, income streams, debt instruments or paper, are thought by many to be limited to discounted seller carryback mortgages. Today, however, the terms mean much more. Not only are smart money managers investing in and brokering discounted seller carryback mortgages, trust …

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Obama May Order Mortgage Principal Forgiveness

Three months before the elections, rumors are running wild from Washington to Wall Street that the Obama administration is about to order government-controlled lenders Fannie Mae and Freddie Mac to forgive a portion of the mortgage debt of millions of Americans who owe more than what their homes are worth. An estimated 15 million U.S. …

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New Cash Flow Note Idea

People are now using the concepts explained in Lonnie Scruggs’ “Deals On Wheels” to buy houses that have dropped in value and resell them! Learn more here: http://store.papersourceonline.com/deals-on-wheels-2/

SAFE Act Update July 7

On June 29 US Rep. Barney Frank, chairman of the House Committee on Financial Services, and Sen. Chris Dodd, chairman of the Senate Banking Committee, signed off on allowing three carrybacks per year under the SAFE Act without a license. This according to Sam Whitfield of the National Assn. of Realtors. See Seller Financing letter …

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TX Mortgage Commissioner Sets The Record Straight On The SAFE Act

by Doug Foster Commissioner Texas Department of Savings and Mortgage Lending I am fully supportive of a return to Texas law prior to being preempted by the SAFE Act. The statute Texas FINANCE CODE CHAPTER 156. MORTGAGE BROKERS SUBCHAPTER A. GENERAL PROVISIONS § 156.202. EXEMPTION (3) and the rule TITLE 7 PART 4 Chapter 80 …

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