Goldman Sachs Subsidiary Wins Two Fannie Mae NPL Pools

Fannie Mae has released the list of winners from its fourth nonperforming loan sale, which included a Goldman Sachs subsidiary.

MTGLQ Investors LP, the Goldman subsidiary, submitted the winning bids for the third and fourth pools in the four-pool sale. The third pool contains 1,176 loans with an aggregate unpaid principal balance of more than $233 million and an average loan size of $198,712. The fourth pool comprises 892 loans with an aggregate UPB of nearly $185 million and an average loan size of $207,217.

The first pool, with 3,127 loans carrying an aggregate UPB of $637,451,715 and an average loan size of $203,891, was won by Canyon Partners subsidiary Carlsbad Funding Mortgage Loan Acquisition LP.

Pretium Mortgage Credit Partners I Loan Acquisition LP scored the second pool, which consisted of 1,345 loans with an aggregate unpaid principal balance of $266,947,532 and an average loan size $199,151.

The loan sale was performed in collaboration with Bank of America Merrill Lynch and First Financial Network. Marketing to potential bidders began Jan. 12.

Fannie Mae is currently fielding bids for the second Community Impact Pool sale, which closes Feb. 18.

For reprint and licensing requests for this article, click here.
Servicing Loss mitigation Mortgage defaults GSEs
MORE FROM NATIONAL MORTGAGE NEWS