Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  OTC Bulletin Board  >  Federal National Mortgage Assctn Fnni Me    FNMA   

SummaryNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Federal National Mortgage Assctn Fnni Me : News Release- Fannie Mae Announces Winners of its Latest ...

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/10/2016 | 05:08pm CEST

February 10, 2016

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

Andrew Wilson

202-752-5168

WASHINGTON, DC - Fannie Mae (FNMA/OTC) today announced the winning bidders for its fourth non-performing loan sale. The sale included approximately 6,500 loans totaling $1.32 billion in unpaid principal balance, divided amongst four pools. The winning bidders for the transaction, expected to close March 28, 2016, are Canyon Partners (Carlsbad Funding Mortgage Loan Acquisition, LP) for the first pool, Pretium Mortgage Credit Partners I Loan Acquisition, LP for the second pool and Goldman Sachs (MTGLQ Investors, L.P.) for the third and fourth pool.

'We are committed to reducing Fannie Mae's holdings of non-performing loans in a responsible way,' said Joy Cianci, Senior Vice President, Credit Portfolio Management, Fannie Mae. 'We continue to work with struggling homeowners to prevent foreclosures whenever we can. This sale of seriously delinquent loans can create additional opportunities for borrowers to avoid foreclosure while reducing the impact of these loans for Fannie Mae and the taxpayers.'

In collaboration with Bank of America Merrill Lynch and First Financial Network, Inc., Fannie Mae began marketing these loans to potential bidders on January 12, 2016. Separately, bids are due on Fannie Mae's second Community Impact Pool on February 18, 2016.

The loan pools awarded in this most recent transaction include:

  • Pool #1: 3,127 loans with an aggregate unpaid principal balance of $637,451,715; average loan size $203,891; weighted average note rate 5.70%; average delinquency 59 months; weighted average broker's price opinion loan-to-value ratio of 79%
  • Pool #2: 1,345 loans with an aggregate unpaid principal balance of $266,947,532; average loan size $199,151; weighted average note rate 5.58%; average delinquency 58 months; weighted average broker's price opinion loan-to-value ratio of 74%
  • Pool #3: 1,176 loans with an aggregate unpaid principal balance of $233,559,463; average loan size $198,712; weighted average note rate 5.59%; average delinquency 59 months; weighted average broker's price opinion loan-to-value ratio of 79%
  • Pool #4: 892 loans with an aggregate unpaid principal balance of $184,855,220; average loan size $207,217; weighted average note rate 5.65%; average delinquency 59 months; weighted average broker's price opinion loan-to-value ratio of 86%

The weighted average sale price of the combined pools was in the mid-70s as a percentage of unpaid principal balance.

Potential buyers can register for ongoing announcements or training, and find more information on Fannie Mae's sales of non-performing loans and on the Federal Housing Finance Agency's guidelines for these sales at http://www.fanniemae.com/portal/funding-the-market/npl/index.html.

Fannie Mae - Federal National Mortgage Association issued this content on 10 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 10 February 2016 16:07:27 UTC

Original Document: http://www.fanniemae.com/portal/about-us/media/financial-news/2016/6347.html

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on FEDERAL NATIONAL MORTGAGE
09/18 FEDERAL NATIONAL MORTGAGE ASSOCIATIO : Fannie Mae Announces Enhanced Hybrid Adju..
09/18 Federal Register Extracts
09/17 FEDERAL HOME LOAN MORTGAGE : Ten years ago, economy began slide toward 'second w..
09/17 FEDERAL NATIONAL MORTGAGE ASSOCIATIO : Blount County Realty Transfers for Sept. ..
09/17 FEDERAL NATIONAL MORTGAGE ASSOCIATIO : Mortgage relief available for areas affec..
09/17 FEDERAL NATIONAL MORTGAGE ASSOCIATIO : Niagara County Real Estate Transactions
09/16 FEDERAL NATIONAL MORTGAGE ASSOCIATIO : Fannie Mae Offers Relief Options for Home..
09/16 FEDERAL NATIONAL MORTGAGE ASSOCIATIO : Growth Warms Even as Hurricanes Cloud Eco..
09/16 FEDERAL NATIONAL MORTGAGE ASSOCIATIO : Office tower on Gervais Street sells for ..
09/15DJFEDERAL HOME LOAN MORTGAGE : Fix for Mortgage Giants Fannie Mae, Freddie Mac Rem..
More news
News from SeekingAlpha
2016 WALL STREET BREAKFAST : Sterling Dives On Brexit Jitters
2016 Fannie Mae at risk of needing a bailout
2016 Fannie Mae's (FNMA) CEO Tim Mayopoulos on Q4 2015 Results - Earnings Call Tra..
2016 The FHFA Conservator Provides Evidence For The Perry Appeal
2016 Fannie Mae to dividend Treasury another $2.9B
Financials ($)
Sales 2017 18 906 M
EBIT 2017 -
Net income 2017 -
Debt 2017 -
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018
Capi. / Sales 2017 0,17x
Capi. / Sales 2018 0,18x
Capitalization 3 243 M
Income Statement Evolution
Consensus
 
Mean consensus UNDERPERFORM
Number of Analysts 1
Average target price 1,00 $
Spread / Average Target -64%
EPS Revisions
Managers
NameTitle
Timothy J. Mayopoulos President, Chief Executive Officer & Director
Egbert L. J. Perry Non-Executive Chairman
Bruce Lee Chief Information Officer, SVP & Head-Operations
David C. Benson Chief Financial Officer & Executive Vice President
Frederick Barton Harvey Independent Director