Whiskey Tango Foxtrot????

In any case, this is what an an acquantance of Mr. Mortgage related to him that he, “Bought 27 second mortgages with a face value of $2,153,400 for $2400.”

It’s part of a whole package, but this is remarkably grim, though the friend in question notes that it was a, “very small pool and not typical,” (scroll down in the comments) but still…..