Items Tagged with 'non-performing mortgage'

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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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  • Fannie Mae looking to shed $3.62 billion in loans from its books

    Multiple sales of non-performing and re-performing loans
    Fannie Mae is looking to sell off $3.62 billion in loans, as the government-sponsored enterprise announced Wednesday that its making approximately 8,600 non-performing loans and approximately 9,900 re-performing loans available for purchase. Here are the details.
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  • Freddie Mac sells $667 million in NPLs to private investors

    Familiar names in buyer pool
    As its fellow government-sponsored enterprise did earlier in the week, Freddie Mac announced Friday that it is selling hundreds of millions of dollars in non-performing loans to a familiar series of private investors. Here are the details of Freddie Mac's latest NPL sale.
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  • Freddie Mac selling off $759 million in non-performing loans

    First NPL sale of 2017
    Recently, Fannie Mae announced its first non-performing loan sale of 2017, stating that it plans to sell 10,000 delinquent loans with a total unpaid principal balance of $1.76 billion from its portfolio. Fannie Mae’s fellow government-sponsored enterprise announced a NPL sale of its own on Friday.
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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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  • Freddie Mac sells off $1 billion in NPLs to familiar private investors

    Frequent buyers among winning bidders in latest non-performing loan auction
    Freddie Mac announced Wednesday that it is selling $1 billion in non-performing loans off its books to a familiar group of private investors. Among the winning bidders in the NPL auction are Pretium Mortgage Credit Partners I Loan Acquisition, Upland Mortgage Acquisition Company II, and Rushmore Loan Management Services, all of which previously purchased NPL pools from either Fannie Mae or Freddie Mac.
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  • Fannie Mae sells $20.3m NPLs to familiar non-profit

    Frequent buyer snaps up deeply delinquent mortgages
    Fannie Mae broke with tradition recently when it announced plans to sell a pool of non-performing loans through its “Community Impact Pool” program to a private equity firm, rather than the non-profits, small investors and minority- and women-owned businesses it is designed to target. But in its fifth Community Impact Pool sale, Fannie Mae is turning back to a non-profit, and a familiar one at that.
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