Note Investors how do you calculate your returns?

[David Putz]

I am surprised how many Note investors are still bidding at a % of UPB/BPO and even Yield. I understand why some bid via yield a little more however how many investors are going to hold a note to Maturity?

Regarding Bidding based on % OF UPB/BPO - I know the math is simple, however this equation misses a lot. This removes some of the key items that separates loans from each other, (Interest Rate, Term, balloon etc). We showed a video on interest rate of the note and the remaining term. What are other's thoughts /questions regarding this.