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
Banks Only Have $2.08 for Every $1 Past Due
Bank reserve ratios have dropped to $2.08 per $1 past due, forcing lenders to sell NPLs. Why shrinking reserves create opportunity 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.