Libremax's Lippmann Likes Student Loan Debt, Mortgage Bonds

Buying Mortgage Notes as an Investment



Investors in non-agency mortgages have been waiting for the private label securitization market to open up again, as the existing pool of those bonds is shrinking fast. "One of the issues is to get a non-government guarantee market back in place, and I don't necessarily think selling Fannie and Freddie will change that," Lippmann said, referring to a recent focus by large investors on loan guarantors Fannie Mae and Freddie Mac. Last week, Bill Ackman's Pershing Square hedge fund revealed it had stakes of almost 10 percent each in Freddie and Fannie, while Bruce Berkowitz of Fairholme Capital Management announced he and other investors were willing to buy and recapitalize the government-controlled mortgage insurers. Lippmann said he doesn't think the government will sell the two companies, which would require congressional approval. For the original version including any supplementary images or video, visit http://www.reuters.com/article/2013/11/20/us-investment-summit-lippmann-idUSBRE9AI19420131120









(-) NOAH, Q3 net income declines $0.02 compared to the year-ago quarter, posting $0.25 per ADS profit. Net revenue climbs 61% year over year to $41.5 mln. No analyst estimates were available for comparison. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc. For the original version including any supplementary images or video, visit http://www.nasdaq.com/article/financial-stocks-give-back-early-advance-blackstone-mortgage-slips-1-on-plans-for-convertiblenote-offering-cm303402





Financial Stocks Give Back Early Advance; Blackstone Mortgage Slips 1% on Plans for Convertible-Note Offering





The amount of the payment is determined by the terms of the loan, including the length of the loan and the interest rate. Why Would an Investor Want to Purchase a Private Mortgage Note? Private mortgage notes are usually sold at a discount. For the original version including any supplementary images or video, visit http://suite101.com/a/buying-mortgage-notes-as-an-investment-a102119