BILL BYMEL
REAL TIDBITS SERIES: MORTGAGES
ABOUT THE EPISODE
In this episode of Real Estate Lowdown podcast, Host Bill introduces the REAL TidBits Series which is a group of short informative talks on a specific slice of the real estate market.The REAL TidBit series will offer the ability for the audience to educate themselves on the vast real estate business.
Who owns your mortgage? It’s not a common question, but it has an interesting answer. In this TidBit, Bill Bymel explains what a mortgage is, how mortgage notes or deeds of trust originate, and then why they are sold to investors in the secondary mortgage market.
The secondary mortgage market is an old boys network of banks and large investment institutions where mortgages are sold. Why it’s important is that the secondary mortgage market is where banks and loan originators go to get more cash to make new loans.
NPL stands for Non-Performing Loan. These are mortgage loans in default. Bill discusses NPLs and how their existence can not only be a bellwether for the economy but also the purchase of NPLs at a discount can provide great opportunity in acquiring real estate.
What Our Listeners Are Saying
Great insights!
by BOJKLA
Bill is a pro and brings on guests that expand the conversation even more. This is a smart and insightful podcast that will help anyone from a casual listener to a well versed finance pro. Thanks Bill!
Packed with real world advice
by Adam Podcast
I always pick up tips from this show. I like that host, Bill Bymel uses real world examples and his experiences to get his point across. The guests are also top notch.
Real Estate Podcast Gem!
by Genshk
Fun, entertaining and very useful! What truly sets this podcast apart is the magnetic chemistry between the host and his guests. But it's not just about the fun; you'll discover a treasure trove of real estate tips, market trends, and investment strategies alongside their discussions on personal growth, pop culture, travel experiences, and book recommendations. This podcast deserves a prominent spot in your rotation.