Investments Lending The Ticker

Can you guess the winner of Fannie Mae’s latest NPL sale?

Hint: Your first guess was probably right

Goldman Sachs

Fannie Mae announced the winner of its latest non-performing loan sale to none other than MTGLQ Investors, a "significant subsidiary" of Goldman Sachs.

This comes as no surprise considering the numerous other non-performing loans the company bought from Fannie Mae this year.

The sale included about 6,900 loans totaling $1.3 billion in unpaid principal balance, divided up among five pools. The Goldman Sachs subsidiary won the bid on November 3, and the deal is expected to close on December 23.

Fannie Mae began marketing these pools in collaboration with Wells Fargo Securities on October 11.

Here are the contents of each of the five loan pools in this transaction:

Group 1 Pool: 1,873 loans with an aggregate unpaid principal balance of $364,476,290; average loan size $194,595; weighted average note rate 5.1%; weighted average delinquency 44 months; weighted average broker's price opinion loan-to-value ratio of 96.3%.

Group 2 Pool: 1,908 loans with an aggregate unpaid principal balance of $358,667,364; average loan size $187,981; weighted average note rate 5.1%; weighted average delinquency 45 months; weighted average broker's price opinion loan-to-value ratio of 97.6%.

Group 3 Pool: 1,864 loans with an aggregate unpaid principal balance of $330,111,531; average loan size $177,098; weighted average note rate 5.3%; weighted average delinquency 45 months; weighted average broker's price opinion loan-to-value ratio of 72.6%.

Group 4 Pool: 987 loans with an aggregate unpaid principal balance of $217,547,090; average loan size $220,321; weighted average note rate 4.9%; weighted average delinquency 44 months; weighted average broker's price opinion loan-to-value ratio of 134.2%.

Group 5 Pool: 302 loans with an aggregate unpaid principal balance of $56,090,719; average loan size $185,731; weighted average note rate 4.5%; weighted average delinquency 35 months; weighted average broker's price opinion loan-to-value ratio of 131%.

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