Items Tagged with 'Non-performing loan'

ARTICLES

  • 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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  • 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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  • Fannie Mae announces winners of latest non-performing loan sale

    Loans total $31.9 million in unpaid principal balance
    Fannie Mae announced the winners of its seventh and eighth Community Impact Pools for non-performing loan sales. The transaction of $31.9 million in unpaid principal balance will close later this summer, and will be required to follow the FHFA’s guidelines which encourage sustainable modifications.
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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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