September 30, 2026 · Robert Hytha
What Slowing Home Appreciation Means for Note Investors
Slowing home appreciation changes the math on equity coverage in note portfolios. How to stress-test your collateral assumptions for any market.
September 28, 2026 · Robert Hytha
Bank OREO Hits Its Highest Since 2020: Q2 2026 NPL Report
Q2 2026 call-report data: bank OREO at its highest since 2020, reserve coverage down from a 2023 record, first-mortgage delinquency up over two years.
September 9, 2026 · Robert Hytha
How Mortgage Rate Movements Affect Note Investors
Treasury yields drive mortgage rates, which create refinance candidates in your portfolio and shape how you set modification rates on new workouts.
August 31, 2026 · Robert Hytha
Conference Recap: In-Person Insights on the Note Industry
Conference takeaways on zombie mortgages, the charge-off misconception, and a second lien case study earning 196% IRR through a discounted payoff.
July 29, 2026 · Robert Hytha
Case Study: 50.5% IRR on a Vacant Land Loan Modification
NPL case study: a $1,849 senior lien on vacant land resolved through a loan modification paid to maturity in 23 months — producing a 50.5% IRR.
July 8, 2026 · Robert Hytha
What to Expect for Mortgage Notes This Year
Mortgage note market outlook covering NPL supply drivers, portfolio resolution timelines, pricing benchmarks, and two case studies with triple-digit IRRs.
June 22, 2026 · Robert Hytha
What GSE Privatization Means for Note Investors
GSE privatization could flood the secondary market with NPL deal flow. What Fannie and Freddie changes mean for private note investors.
June 1, 2026 · Robert Hytha
The State of the Industry and the Future of Finance
The structural forces behind note investing — housing undersupply, default cycles, and institutional sell-off pressure — are permanent, not cyclical.
May 20, 2026 · Robert Hytha
Best Price vs. Best Execution in Whole Loan Sales
Best price vs. best execution in bank loan sales: how each strategy works, when banks choose one over the other, and what it means for note buyers.
April 13, 2026 · Robert Hytha
Bank Reserve Coverage Is Thinning: What It Means for Note Buyers
Bank reserve coverage has thinned since its 2023 record. What shrinking loss reserves mean for bank NPL sales and for note investors.
April 6, 2026 · Robert Hytha
Why Can't You Buy Mortgage Notes Directly from Banks?
Banks sell mortgage notes to institutional buyers, not individuals. Learn why — and where to source notes through the secondary market instead.
February 1, 2026 · Robert Hytha
What Is Mortgage Note Investing?
Mortgage note investing explained — how buying and selling notes works, who the key players are, and why investors choose this asset class.
November 27, 2025 · Ep. 8 · 6 min
Why Default is an Opportunity
If you’re avoiding non-performing loans out of fear, you’re likely missing the most profitable part of the mortgage note business.
November 11, 2025 · Ep. 3 · 4 min
Performing vs Non-Performing Notes
Performing vs. non-performing mortgage notes compared. Understand the pros, cons, risk profiles, and strategic plays behind each note type.
