Fannie Mae Says Goldman Sachs Wins Latest Non-performing Loan Sale

6/12/18

Fannie Mae (OTCQB:FNMA) says the winning bidder for its 13th non-performing loan sale is Goldman Sachs's (NYSE:GS) MTGLQ Investors LP; the transaction is expected to close on July 20.

The sale includes approximately 9,800 loans totaling $1.64B in unpaid principal balance, divided among four pools: Group 1 pool is 2,372 loans with aggregate UPB or $358.3M; Group 2 pool is 3,182 loans with aggregate UPB $478.7M; Group 3 pool is 1,403 loans with aggregate UPB $210.8M; and Group 4 poolis 2,881 loans with aggregate UPB $595.2M.

The cover bid, which is the second-highest bid, was 81.48% of UPB for the total of the four pools, which were purchased on an all-or-none basis.

READ FULL ARTICLE HERE

Recent Deals

Interested in advertising your deals? Contact Edwin Warfield.