Bank Mortgage Assignments Discounts
When ever banks sell/assign their notes to another bank, What is the normal discount thses banks getting everytime. For example someone buys a home for $100K in 2006 and the note gets assigned 3 times between 2006 and 2007. How much you think the 3rd note holder paid for the 100K note?
LOL, unless your selling to a private note broker/buyer.
Then it seems you never get more that 88/100.[ Edited by cjmazur on Date 09/01/2007 ]