Fannie Mae sells a $581M nonperforming loan portfolio


Fannie Mae chose three winning bidders for its 10th nonperforming loan sale, which consisted of 3,400 loans with an unpaid principal balance of $581 million.

A Goldman Sachs affiliate, MTGLQ Investors LP, was a winning bidder of a Fannie Mae auction for the eighth time. It acquired pool 1, which had a cover bid (the second highest bid) of 80.4% of the unpaid principal balance of $127.7 million. The pool had 808 loans with a weighted average broker’s price opinion loan-to-value ratio of 86.84%.

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