Fannie Mae Closes 14th Reperforming Loan Sale

first_img Fannie Mae recently announced the results of its fourteenth reperforming loan sale transaction. The deal, which was announced on October 10, 2019, included the sale of approximately 20,800 loans totaling $3.1 billion in unpaid principal balance (UPB), divided into six pools. The winning bidders of the six pools for the transaction were DLJ Mortgage Capital, Inc. (Credit Suisse) for Pools 1, 2 and 3, J.P. Morgan Mortgage Acquisition Corp. (Chase) for Pools 4 and 6, and NRZ Mortgage Holdings, LLC (Fortress) for Pool 5. The transaction is expected to close on December 19, 2019.The pools were marketed with Citigroup Global Markets Inc. as advisor.The loan pools awarded in this most recent transaction include:Group 1 Pool: 1,935 loans with an aggregate unpaid principal balance of $392,220,903; average loan size $202,698; weighted average note rate 3.51%; weighted average broker’s price opinion (BPO) loan-to-value ratio of 70%.Group 2 Pool: 3,905 loans with an aggregate unpaid principal balance of $662,617,902; average loan size $169,684; weighted average note rate 3.92%; weighted BPO loan-to-value ratio of 74%.Group 3 Pool: 5,832 loans with an aggregate unpaid principal balance of $633,825,751; average loan size $108,681; weighted average note rate 5.45%; weighted BPO loan-to-value ratio of 56%.Group 4 Pool: 2,929 loans with an aggregate unpaid principal balance of $496,126,998; average loan size $169,384; weighted average note rate 4.16%; weighted BPO loan-to-value ratio of 70%.Group 5 Pool: 3,086 loans with an aggregate unpaid principal balance of $473,958,024; average loan size $153,583; weighted average note rate 4.36%; weighted BPO loan-to-value ratio of 68%.Group 6 Pool: 3,139 loans with an aggregate unpaid principal balance of $473,386,556; average loan size $150,808; weighted average note rate 4.41%; weighted BPO loan-to-value ratio of 69%.Freddie Mac, meanwhile, recently announced it sold via auction 2,243 non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio. The loans, with a balance of approximately $369 million, are currently serviced by Specialized Loan Servicing LLC. The transaction is expected to settle in January 2020. The sale is part of Freddie Mac’s Standard Pool Offerings.Winning bidders of this sale were InSolve Global Credit Fund IV, L.P. for Pool 1, VRMTG ACQ, LLC for Pools 2 and 3, Truman 2016 SC6, LLC for Pool 4. Previous: Mortgage Delinquency: “Signs of Emerging Stress in Some States” Next: The Changing Face of Mortgage Servicing Fannie Mae Closes 14th Reperforming Loan Sale in Daily Dose, Featured, News The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Fannie Mae Closes 14th Reperforming Loan Sale Share Save Fannie Mae reperforming 2019-11-12 Seth Welborn Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. About Author: Seth Welborn Demand Propels Home Prices Upward 2 days ago Tagged with: Fannie Mae reperforming Related Articlescenter_img  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago November 12, 2019 1,531 Views Subscribelast_img read more

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moe., Kyle Hollingsworth & The Nth Power To Play Pisgah Brewing Anniversary Show

first_imgOn Saturday, April 22nd, the Pisgah Brewing Company in Black Mountain, NC will celebrate its 12th anniversary with a blowout day filled with musical performances. The brewery has just announced their lineup, with moe., Kyle Hollingsworth Band and The Nth Power all scheduled to perform.moe. will be playing two sets at the event, with Kyle Hollingsworth and The Nth Power each delivering a set to get the party into high gear. With great music and high quality Pisgah beer on tap, there will be no shortage of great times ahead!Check out more information on the Pisgah official website.last_img

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Rocky Point Man Gets 2 Years for Head-on Drugged-driving Crash

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A Rocky Point man was sentenced Wednesday to two years in prison for driving while high on heroin when he crashed head-on into another vehicle, seriously injuring a woman in Shoreham two years ago.Denis Karachopan had pleaded guilty in 2013 at Suffolk County court to charges of vehicular assault, operating a vehicle while impaired by drugs, heroin possession and failure to stay in lane.Police had said that the 24-year-old was driving his BMW westbound on Route 25A when he crossed into the opposite lane of traffic and hit an eastbound Nissan shortly after 11 a.m. Feb. 6, 2013.Investigators discovered heroin and drug paraphernalia in his vehicle. The victim suffered two broken legs and other injuries, but her then-3-week-old infant, who was also in the car, was not hurt.Prosecutors had recommended a six-year prison term for Karachopan.Judge Richard Ambro also sentenced Karachopan to three years of probation and suspended his driver’s license for six months.last_img read more

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India secures its east after western Himalaya clashes with China

first_img“The military presence has surely increased, but as far as incursions are concerned, there are no verified reports as such,” said Ayushi Sudan, Anjaw’s chief civil servant, adding that several Indian army battalions were stationed there.”There has been an increase in troop deployment since the Galwan incident, and even prior to that we’d started,” she told Reuters by telephone, referring to the June clash in which 20 Indian soldiers were killed.Arunachal Pradesh, which China calls South Tibet, was at the center of a full-scale border war between India and China in 1962, and security analysts have warned that it could become a flash-point again.But an Indian military spokesman, Lieutenant Colonel Harsh Wardhan Pande, said there was no cause for concern and the troops arriving in the area were part of regular rotation. India has moved troops to its eastern stretch of border with China since clashes erupted between the nuclear-armed rivals on the western part of their border in the Himalayas in June, a government official said.The June clash in the Ladakh region, in the western part of their border, was the worst violence between the Asian giants in decades and there has been little sign of a reduction in tension, with more military action in the past week.The movement of troops to the eastern district of Anjaw, in Arunachal Pradesh state, which China also claims, raises the prospect of a wider face-off though both government and military officials in India ruled out any imminent confrontation. “Basically, it’s units changing. That’s happening as it happens every time, nothing much,” Pande told Reuters from near Guwahati, the largest city in northeastern India.”As of now, there’s nothing to worry about on that front.”But Tapir Gao, a member of parliament from Arunachal, told Reuters that Chinese troops had been regularly crossing into Indian territory.”It’s a regular phenomenon, it’s nothing new,” he said, identifying the Walong and Chaglagam areas in Anjaw as the most vulnerable.In the 1962 war, India says its outnumbered forces “blocked the thrust of the invading Chinese” in Walong, and the area of mountains, meadows and fast-flowing rivers is now a government focus for settlement and road-building.”What we’re trying to do is create more possibilities and opportunities for villagers,” said Sudan, referring to plans for clusters of villages in the disputed area.”It’s a push to resettle people.”Topics :last_img read more

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