Items Tagged with 'NPL sale'

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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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  • Goldman Sachs earnings reveal little on recent mortgage endeavors

    Privately owned MTGLQ Investors left out of filing
    Goldman Sachs performed well in the second quarter, beating earnings expectations. But the new earnings release, once again, did little to shed any extra light on the mega banks private mortgage endeavors. Given the bank's small footprint in residential mortgages, it's no surprise the release barely mentioned mortgages. But this doesn't mean the bank does nothing in the mortgage world.
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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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  • Fannie Mae selling another $1.68 billion in NPLs to Goldman Sachs subsidiary, private equity

    9,400 non-performing loans sold out of Fannie Mae’s portfolio
    In what is now a common occurrence, Fannie Mae announced Tuesday that it sold a large portfolio of non-performing loans to private equity funds, one of which is a subsidiary of Goldman Sachs. The sale, which was originally announced last month, consisted of 9,400 non-performing loans that carry an unpaid principal balance of $1.68 billion.
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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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  • 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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