Items Tagged with 'non-performing loan 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 selling $1.23bn in NPLs to Goldman Sachs subsidiary

    MTGLQ Investors buying another 7,500 loans
    The winning bidder is MTGLQ Investors, which is a “significant subsidiary” of Goldman Sachs. Over the last few years, Goldman Sachs used MTGLQ to buy billions and billions in loans from both of the GSEs. And now, it's buying over than a billion more in loans from Fannie Mae.
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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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  • Here's the latest progress report on GSE non-performing loan sales

    How are the GSEs upholding their goals?
    Following their mandate, Fannie Mae and Freddie Mac continued to offload a number of severely aged delinquent loans and REO properties in 2016, transferring credit risk to the private sector. The latest report gives the latest progress on how the government-sponsored enterprises are executing this.
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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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  • Here's why Goldman Sachs is snatching up delinquent mortgages

    Bank dominates Fannie Mae non-performing loan sales
    Goldman Sachs’ purchase of a portfolio of non-performing loans from Fannie Mae earlier this week marked only the latest in a long string of purchases of severely delinquent home loans from the government-sponsored enterprise. The major purchase spree, however, is part of a larger plan for the mega bank. In particular, it deals with its $5 billion settlement announced last year.
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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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