REAL WORLD ECONOMICS

Pioneer Press has revealed a startling fact.... that investors in mortgages don't like to buy loan packages made up of loans which are likely to be paid off early. Why? Because they don't make as much interest. They would rather buy packages of mortgages made up of loans which will remain on the books or will turn over several times over the course of the economic life of the property! And THIS is what motivated the risky loan adventures of banks and hedge funds. Why I didn't think of this before, I don't know. Tyler Texas real estate is a bit more conservative, I guess. We don't have many foreclosures. I suppose folks like to PAY OFF their mortgages or pay cash for what they buy.