Goldman Sachs affiliate wins Fannie Mae reperforming loan sale

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Goldman Sachs snapped up nearly 8,000 non-performing loans from fannie mae tuesday, amounting to $1.4 billion in unpaid balances. The purchase makes the bank the largest buyer of delinquent Fannie.

On August 22, Goldman Sachs and FHFA announced a US$3.15 billion settlement of claims brought by FHFA against Goldman in two separate lawsuits related to RMBS purchased by Fannie Mae and Freddie Mac between 2005 and 2007.

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.

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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.

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Fannie Mae announces winning bidders in $1.96bn reperforming loan sale. Fannie Mae has announced that NRZ Mortgage Holdings and Towd Point Master Funding were the winning bidders in its latest sale of reperforming loans. The transaction includes around 9,400 loans with total unpaid principal balance of $1.96 billion divided into two pools. The deal, which was announced March 13, is expected to close on May 24.

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Fannie Mae says Goldman Sachs wins latest non-performing loan sale (seeking alpha) The breathtaking rally in bitcoin continues unabated, with the most popular among a myriad of cryptocurrencies.

Diamond Investment Properties has acquired a new “creative” office complex in the San Francisco Bay Area from a Goldman Sachs partnership for $320 million.The 306,000-square-foot property, at 400-450 Concar Drive in San Mateo, Calif., is fully leased.

In the second step, the loans will be deposited into a Freddie Mac trust which will issue the Senior and Subordinate Certificates. Freddie Mac will guarantee, purchase and initially retain the Senior Certificates. Fannie Mae is marketing its seventh sale of reperforming loans (RPLs) to reduce the size of its retained mortgage portfolio. The pool contains roughly 27k loans with a UPB of $6.17bn.

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