Items Tagged with 'Non-performing loan'

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  • Fannie Mae selling $1.88 billion in non-performing loans to Goldman Sachs subsidiary

    MTGLQ Investors is back
    Over the last few years, Goldman Sachs’ subsidiary MTGLQ Investors has been one of the top buyers of non-performing loans from both Fannie Mae and Freddie Mac, buying billions and billions in loans from both of the government-sponsored enterprises. And now, MTGLQ is preparing to buy another $1.88 billion in non-performing loans from Fannie Mae.
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  • Fannie Mae to jettison 11,000 non-performing loans

    GSE wants to offload roughly $1.84 billion in unpaid balance
    Fannie Mae announced plans to jettison $1.84 billion in non-performing loans, a small portion of which are from its thirteenth Community Impact Pool, a small pool for marginalized or small investors. According to a release from Fannie, there are 11,000 NPLs up for sale, and of those, 700 are from its Community Impact Pools.
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  • Freddie Mac announces first non-performing loan sale of 2018

    Begins marketing $420 million in loans across four pools
    Freddie Mac announced its first non-performing loan sale of 2018, where it is marketing about $420 million in non-performing loans. It is being marketed through these four pools: three standard pool offerings and one extended timeline pool offering, which targets participation by smaller investors, including nonprofits and minority or women-owned businesses.
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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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