Freddie Mac Announces Third Non Performing Loan Transaction of 2016 for $783 Million

“Through the first quarter of 2016, Freddie Mac has sold $4.3 billion in NPLs as part of its strategy to reduce the less liquid assets in its mortgage investment portfolio.” ~ Freddie Mac Announces Third Non Performing Loan Transaction of 2016 for $783 Million $783 Million Transaction Features Seven Pools, Including Two Extended Timeline Pools … Read more

Fannie Mae Announces Winners of its Latest Non-Performing Loan Sale – Goldman Sachs

Fannie Mae Announces Winners of its Latest Non-Performing Loan Sale – Goldman Sachs WASHINGTON, DC – Fannie Mae (FNMA/OTC) today announced the winning bidders for its fifth non-performing loan sale. The sale included approximately 7,900 loans totaling $1.48 billion in unpaid principal balance, divided amongst four pools. The winning bidder for the transaction, expected to … Read more

Another Bubble Has Burst: The Miami Luxury Condo Market Is A “Ticking Timebomb”

Another Bubble Has Burst: The Miami Luxury Condo Market Is A “Ticking Timebomb” Last year we warned that the luxury condo market in Miami was cooling down, and we also noted that one of the mail culprits was the fact that foreign buyers (especially Brazilians) were seeing their buying power crushed by the appreciating dollar. … Read more

Bank of America’s Winning Excuse: We Didn’t Mean To

Bank of America’s Winning Excuse: We Didn’t Mean To Reposted via ZeroHedge Originally Authored by Jesse Eisinger via ProPublica.org, Back in the late-housing-bubble period, in 2007, Countrywide Home Loans, which was then the largest mortgage provider in the country, rolled out a new lending program. The bank called it the “high-speed swim lane,” or HSSL, … Read more