207: Non-Performing Notes in a Non-Performing Economy with Jorge Newbery
What are notes? Well, for simplicity, let\u2019s call them mortgages. You owe the lender money when you take out a mortgage. However, that lender can sell that mortgage to someone else. That\u2019s what it means to buy or sell a note. Notes can be performing or non-performing. Non-performing notes are simply those that have had [\u2026]