These people do good work, create value, and all in all have happy borrowers who are thrilled to purchase one of their homes. They slap a coat of paint on a home, add carpet,clean it up a little bit, and then sell it to a buyer who previoulsy was shut out of the opportunity to acquire housing. They take it out on the paper investor who they now owe the repayment of their debt to. Seasoning a loan for a period of time is an excellent way to make sure that these buyers are satisfied, happy with their purchase, and are making their payments. Its prudent for ANY note funder to ascertain that these issues exist.
Nobody wants a disgruntled borrower to have to deal with month in and month out.
So the game will change. That is not necessarily a bad thing. They have caused everyone to be painted with the same broad brush. If you choose to do so, you'll still be able to remain in the game. We've been purchasing paper for 18 years and plan on staying in the game.