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A Winner for Fannie Mae’s Latest Nonperforming Loan Sale

The bidding for Fannie Mae’s eighth non-performing loan sale is over, and the GSE has recently announced the winner of the offering. According to a recent release from the entity, the sale included roughly 6,900 loans divided between five pools totaling $1.3 billion in unpaid principal balance (UPB).

MTGLQ Investors, L.P. (Goldman Sachs) were reported as the winning bidder for the pools. Fannie Mae says that the purchase is anticipated to close on December 23, 2016.

“As we work to reduce the number of seriously delinquent loans in Fannie Mae’s portfolio, we are pleased to continue to offer borrowers additional options to avoid foreclosure and help stabilize neighborhoods,” said Joy Cianci, SVP, Single-Family Credit Portfolio Management for Fannie Mae in the announcement of the sale.

The loan pools awarded in this most recent transaction included:

  • Group 1 Pool with 1,873 loans with an aggregate unpaid principal balance of $364,476,290
  • Group 2 Pool with 1,908 loans with an aggregate unpaid principal balance of $358,667,364
  • Group 3 Pool with 1,864 loans with an aggregate unpaid principal balance of $330,111,531
  • Group 4 Pool with 987 loans with an aggregate unpaid principal balance of $217,547,090
  • Group 5 Pool with 302 loans with an aggregate unpaid principal balance of $56,090,719

To view the full details of Fannie Mae’s eighth non-performing loan sale, click HERE.

About Author: Kendall Baer

Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, Texas. Born and raised in Texas, Baer now works as the online editor for DS News.
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