Goldman Sachs affiliate wins Fannie Mae reperforming loan sale

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So Goldman went on a mortgage-buying spree, becoming the dominant customer for delinquent home loans from Fannie Mae, the government-sponsored mortgage holder. The bank has sucked up two-thirds of the $9.6 billion in loans Fannie Mae sold in the past year and a half, including $1.4 billion just last week.

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Goldman Sachs Goes on a Mortgage-Buying Binge Last update: 16/03/2017 2:30:00 am By Liz Hoffman and Serena Ng Goldman Sachs Group Inc. 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 agency has auctioned, government records show.

WASHINGTON, Feb. 14, 2019 /PRNewswire/ — Fannie Mae (OTC: FNMA) today began marketing its tenth sale of reperforming loans as part of the company’s ongoing effort to reduce the size of its retained mortgage portfolio.. The sale consists of approximately 15,100 loans, having an unpaid principal balance of approximately $3.01 billion, and is available for purchase by qualified bidders.

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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.

Fannie Mae Announces Winner of its Latest Non-Performing Loan Sale. The sale includes approximately 9,800 loans totaling $1.64 billion in unpaid principal balance (UPB), divided among four pools. The winning bidder for the transaction is MTGLQ Investors, L.P. (Goldman Sachs). The transaction is expected to close on July 20, 2018.