Goldman Sachs affiliate wins Fannie Mae reperforming loan sale

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Goldman Sachs has become the largest buyer of severely delinquent home loans from mortgage giant Fannie Mae over the past year and a half, acquiring nearly two-thirds of $9.6 billion in loans the.

FHFA Announces Settlement with Goldman Sachs FOR IMMEDIATE RELEASE. Fannie Mae and Freddie Mac will release certain claims against Goldman Sachs & Co. related to the securities involved.. The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 12 Federal Home Loan.

Goldman Sachs affiliate wins Fannie Mae reperforming loan sale Casey Byers Contents Retained mortgage portfolio Condition (including hiv/aids Characteristics) sexual orientation source eleventh reperforming loan sale transaction Goldman Sachs fired Bansal.

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FHFA NonPerforming Loan Sales Report August 2016 Through August 31, 2016, the Enterprisessold 59,629 loans with an aggregate UPB of $11.9 billion, an average delinquency of 3.4 years and an averageloantovalue of 97percent.

WASHINGTON, Sept. 13, 2018 /PRNewswire/ — Fannie Mae (otc bulletin board: fnma) today announced the results of its eighth reperforming loan sale transaction. The deal, which was announced on August 14, 2018, included the sale of approximately 18,300 loans totaling $3.58 billion in unpaid principal balance (UPB), divided into four pools.

WASHINGTON, June 13, 2018 /PRNewswire/ — Fannie Mae (OTC Bulletin Board: FNMA) today began marketing its seventh sale of reperforming loans as part of the company’s ongoing effort to reduce the.

Fannie Mae, in working with citigroup global markets, announced on Tuesday that they have sold 13,500 loans with a cumulative unpaid principle balance (UPB) of $2.99 billion in their third reperforming loan sale. The collection of loans were divided into three groups and sold off to a single bidder: DLJ Mortgage Capital, Inc (Credit Suisse).

On October 11, 2016, Fannie Mae began marketing its first sale of reperforming loans as part of the company’s ongoing effort to reduce the size of its retained mortgage portfolio as indicated above. Reperforming loans are mortgage loans that were previously delinquent, but are performing again because payments on the mortgage loan have become current with or without the use of a loan modification plan.

MTGLQ Investors is a "significant subsidiary" of Goldman Sachs, and over the last few years, Goldman Sachs has used MTGLQ Investors to buy up loans from both of the government-sponsored enterprises by the truckload. In this latest sale, Fannie Mae is selling more than $2.43 billion in re-performing loans to MTGLQ Investors.