Nature of Business
THE COMPANY IS FORMED SOLELY FOR THE PURPOSES LITED BELOW. THE COMPANY SHALL ENGAGE IN NO OTHER BUSINESS. 1. ACQUIRING, OWNING, COLLECTING, MANAGING AND SIPOSING OF PORTFOLIOS (THE PORTFOLIOS OF PERFORMING AND NON-PERFORMING FIRST-AND SECOND-LIEN RESIDENTIAL WHOLE LOANS (THE ASSETS) WITH A PRIMARY BUSINESS MODEL TO (I) PURCHASE AND RESELL THOSE ASSETS WITHIN A SHORT PERIOD OF TIME TO THIRD PARTY PURCHASERS, SOMETIMES IN SIMULTANEOUS TRANSACTIONS, (II) EXECUTE LOAN MODIFICATIONS, (III) RE-PERFORM