Most people in this business gave up and went on to other things. I'm proud of paying taxes.
Good judgment comes from experience.
And experience comes from bad judgment. At least death doesn't get worse every time Congress meets. Discounted mortgages are also known as notes, paper or cash flows. You can buy them for your own portfolio or sell them to investors. Note brokering or cash flow brokering can also involve commercial as well as residential mortgages and many other types of cash flows.