Items Tagged with 'NPL deals'

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  • Fannie Mae selling more than $1 billion in non-performing loans

    Sale includes two Community Impact Pools located in Florida
    Fannie Mae is continuing to shed non-performing loans from its books, announcing Tuesday that its plans to sell off more than $1 billion in delinquent loans. According to the government-sponsored enterprise, this sale includes three larger pools that include approximately 5,900 loans totaling $1.04 billion in unpaid principal balance.
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  • Deutsche Bank considering loans to private equity as part of $4.1 billion in consumer relief

    Reportedly discussing loans to Lone Star Funds, others
    Recently, Deutsche Bank announced that it reached a settlement with the Department of Justice over the bank’s issuance and underwriting of residential mortgage-backed securities between 2005 and 2007. As part of the settlement, Deutsche Bank will be required to provide $4.1 billion in consumer relief. But a new report suggests that Deutsche Bank is considering an unorthodox method of providing that $4.1 billion in consumer relief – lending to private equity firms.
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  • $106 million non-performing loan portfolio hits the market

    Loan pool carries BPO value of $96 million
    Buyers looking to acquire a pool of non-performing loans have that opportunity, as a $106 million pool of non-performing loans is now on the market, according to MountainView, which is acting as the exclusive advisor for the sale. Here are the details of the deal.
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  • Fannie Mae sells first small NPL pool to private equity firm

    First Community Impact pool not sold to a non-profit
    Fannie Mae announced Thursday that it selected a winning bidder for its fourth sale of non-performing loans as part of its "Community Impact Pool" program. But for the first time since it began targeting smaller investors, Fannie Mae selected a private equity firm as the winner of the auction.
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  • FHA announces sweeping changes to non-performing loan sales program

    Buyers must now offer principal reduction, "payment shock protection"
    Amidst mounting public pressure to do more to keep struggling homeowners in their homes, the Department of Housing and Urban Development and the Federal Housing Administration announced a series of extensive changes to its non-performing loan sale program. Here are all the details.
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  • Monday Morning Cup of Coffee: Fannie, Freddie crystal ball just got cloudier

    Plus, is it time to buy the big banks?
    There is a lot of debate surrounding the future or lack thereof of Fannie Mae and Freddie Mac, with opinions coming from the White House, Congress, trade groups, just to name a few. But predicting the future of the GSEs just got a little harder. Plus, is it time to buy the country's biggest banks? All that, and more, in your Monday Morning Cup of Coffee.
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  • Freddie Mac sells first pool of non-performing loans to non-profit buyer

    Small pool of Wells Fargo-serviced loans sold
    Freddie Mac announced Monday that it sold its first pool of non-performing loans to a non-profit buyer, Community Loan Fund of New Jersey, Inc. The non-performing loan sale was initially announced in November, as part of a larger offering of $1.2 billion in “deeply delinquent” loans that were currently being serviced by Wells Fargo.
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  • Freddie Mac sells off $1.1 billion in non-performing loans

    Finds familiar buyer for pools of Wells Fargo-serviced loans
    Freddie Mac announced Tuesday that it sold off 5,311 seriously delinquent loans from its investment portfolio. The loans carry an unpaid principal balance of approximately $1.1 billion. The sale, which was initially announced last month, had five pools of loans being sold to several different buyers, including one that has become familiar in sales like these.
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