Goldman Sachs affiliate wins Fannie Mae reperforming loan sale

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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Goldman Sachs (NYSE:GS) has purchased nearly two-thirds of the $9.6B in severely delinquent loans auctioned off by Fannie Mae over the past 18 months, write Liz Hoffman and Serena Ng in the WSJ.

Freddie prices its first CRT bonds backed by tax-exempt rental loans

Goldman Sachs has long been one of the largest buyers of severely delinquent home loans from Fannie Mae, and on Tuesday, the company purchased about 8,000 loans with unpaid balances of $1.4 billion.

Credit Suisse relief plan could downsize RMBS settlement amount In 2013 and 2014, the Attorney General obtained broad-ranging settlements from three major banks (Bank of America, Citibank, and JPMorgan Chase) related to the packaging, marketing, sale, and issuance of residential mortgage backed securities (RMBS).

Reperforming Loan Sales. 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.

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.

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Simpson Thacher represented Banco Santander, S.A., Barclays Bank PLC, Goldman, Sachs & Co. and Société Générale as joint bookrunning managers in connection with a registered public offering by Philip Morris International Inc. of 500 million of 2% Notes due 2036 to be listed on the New York Stock Exchange. The offering closed on May 9, 2016.

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.

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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