Capital Markets Today

According to the S&P Consumer Default Index recently released, the rate of first-mortgage defaults increased in December over November, along with the overall consumer default rate.  The monthly increase was greater for second-mortgage defaults.   Increased and/or steady defaults has potential to fuel the already brisk note trading sector Joining the podcast to discuss the performing and non-performing note market is Scott Schmitz, President of NorthStar Investment Group.   Scott is also the author of “The Note Book, A Common Mans Guide to Owner Financing”.