Friday, June 3, 2016

More Non-Performing Loans Sold by Fannie Mae

I read this today. Purchased for about 70% of the notes' value by Goldman Sachs. Aren't they one of the ones that had HUGE issues for non-performing mortgage backed securities in our recent history? Or am I confusing them with some of the other big dogs?

Regardless, they purchased them at a good discount, higher interest rate loans. So, obviously they are gambling that they will be able to make up what they paid. But, still gambling.

Fannie Mae says they are hoping that this latest round of purchasing will actually help people stay in their homes. And, I of course, hope this as well.

Also hoping history does absolutely not repeat itself.

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