Angelo Gordon likely buyer of Freddie NPLs

Freddie Mac
By Ryan Bolger
31 Mar 2015

A special purpose vehicle believed to be controlled by hedge fund Angelo Gordon & Co, a recent sponsor of RPL RMBS, has purchased $1.08bn in NPLs from Freddie Mac.

Freddie Mac announced last Friday (March 27) that it had sold 5,398 deeply delinquent non-performing loans to GCAT Management Services 2015-13 LLC in one of the agency’s risk-transfer auctions on March 25.

Neither Freddie Mac nor Angelo Gordon would comment on the sale, and both declined to confirm ...

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