Mortgage Note Investing Weekly

Pricing a mortgage note is not just about picking the highest number. It comes down to seller motivation, market timing, buyer demand, asset quality, and how quickly you need to move. In this episode of the Paperstac Podcast, TJ and Rick Allen break down how sellers should think about pricing expectations when listing notes, why some assets move quickly while others sit, and how the trade-off between speed and price can shape the entire transaction. They also discuss Paperstac’s Trade Desk, t...

Rick Allen and TJ Osterman are back on the Paper Stack Podcast to talk about balancing yield and risk in note investing. In this episode, they dig into why chasing an 18% target yield can sound attractive, but often comes with added risk, more defaults, thinner equity, smaller-balance assets, or heavier servicing and workout demands. They also explain why experienced investors may prefer steady “base hit” performing notes in the 8-10% range when the borrower profile, equity position, collater...

How much does your listing description really matter when you're selling a mortgage note? In this episode, Brett Burky and TJ break down one of the most overlooked opportunities for note sellers: creating listing descriptions that actually capture buyer attention. They discuss why generic, one-line descriptions leave money on the table and how today's AI tools can help sellers build compelling, informative listings in just minutes. A well-written listing isn't just about sounding professional...

Thinking about buying a mortgage note? Before you make an offer, there are a handful of questions that can save you thousands of dollars—or help you uncover a great investment. In this episode of the Paperstac Podcast, Brett Burky and TJ Osterman walk through the exact due diligence questions they ask before purchasing a mortgage note. Whether you're a first-time investor or an experienced note buyer, this episode provides a practical framework you can use to evaluate deals with confidence. T...

Why do borrowers stop making their mortgage payments? Is it simply because they don't want to pay—or is there much more to the story? In this episode of the Paperstac Podcast, Brett Burky and Rick Allen break down the real reasons borrowers default on their mortgage loans and what every note investor should understand before buying performing or non-performing notes. Drawing from years of experience reviewing thousands of mortgage loans, they discuss the life events that most often lead to de...