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Podcast: JASON T POWERS's show
Episode: Note-on-Note Financing: Banks’ Loan Modification Morass Explained
Description: Sources: https://x.com/JackFarley96/status/1969134703039922648My Crude Representation with Rough Calculations for a 2-year off-the-books move from Chase to Hedge Fund* A simple file/model. It is more complex than shown…but you get the idea.* Hedge Fund is not liable for anything that goes awry with the underlying asset (home mortgage). * Likely too, the cost to maintain collection rate (or lower delinquencies) will eat into the $3.76M. * Does the Hedge Fund B hire a (LLC Debt Collector) for like $500,000 per year? To spot th...