Fannie Mae sells off $26 million in NPLs to nonprofit

Marcos Morales has worked in the real estate industry for the past 25 years in both the for- and non-profit space. Currently Mr. Morales, as Executive Director of Hogar Hisapno, Inc., manages a portfolio that contains a 60k sq. ft. commercial office building in Washington D.C., 327 NPL’s.

Completes sale announced in October. According to Fannie Mae, the cover bids, which are the second highest bids, for the Community Impact Pools are 85.02% of UPB (55.26% of broker’s price opinion) for Pool 1 and 89.87% of UPB (43.66% of broker’s price opinion) for Pool 2.

Jamie Gorelick, Clinton Justice Department official, worked for Fannie and took home $26 million. Big Democrat Jim Johnson, Obama’s VP search committee, hauled in millions from his Fannie Mae CEO job.

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A conventional loan that is too large to be purchased by Fannie Mae or Freddie Mac. The maximum loan-to-value ratio for an FHA loan over $50,000 is approximately: b. 98 percent.

Portfolios represent $137 Million in Unpaid Principal Balance Reducing principal to keep families in their homes and incorporating one-on-one financial education with homeowners Providing counseling services to 1,000+ struggling homeowners in additional delinquent pools

A nonprofit financial institution won the bid for Fannie Mae’s sixth Community Impact Pool of non-performing loans. This deal on nearly $26 million in NPLs is expected to close near the end of May. Here are the details on the sale.

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New Jersey Community Capital, a nonprofit community development financial institution, is the winning bidder on a pool of nonperforming mortgage loans (NPLs) with an unpaid principal balance (UPB) of approximately $26 million recently auctioned by Fannie Mae. The Community Impact Pool of 158 loans is secured by properties located in the New York and New [.]

Ginnie Mae bonds are trading incrementally higher than Fannie Mae securities, and. CQS Investment Management priced its eur361.55 million (3.1 million) Grosvenor. BNP shrugs off fixed income decline, plans new hires. European NPLs Double In Value The value of non-performing loans held by European.

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Fannie Mae’s Portfolio The Elephant In The Corner’ Some housing bubble news from Washington and Wall Street. “Congress and the American people were misled by the former leadership’ of Fannie Mae and Freddie Mac, Rep. Michael Oxley, chairman of the House Financial Services Committee, said at a.