Goldman subsidiary scoops up $2.4bn in Fannie mortgages
MTGLQ Investors, a subsidiary of Goldman Sachs, has bought $2.4bn of mortgages from Fannie Mae, as investors eye the attractiveness of non-performing and re-performing mortgage credit in a strengthening US housing market.
The sale was announced on August 10 with 10,700 loans on the block, totalling $2.43bn in unpaid principal balance. The deal was marketed by Citigroup.
The loan sale was the fourth time that Fannie Mae has sold a portfolio of re-performing mortgages since starting the sale programme in October
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