General World News

Fannie Mae picks winner of first nonperforming-loan sale of 2022

Fannie Mae has chosen the winning bidder for its inaugural nonperforming loan sale of 2022, a deal involving 3,223 loans with an unpaid principal balance of $477.2 million that was divided into two separate pools.

The top bidder is MCLP Asset Co., which is registered as a debt-collection agency with the city of New York’s Department of Consumer Affairs and lists its address as being a Manhattan property that also is home to Goldman Sachs’ headquarters — 200 West Street in Manhattan. Fannie Mae identifies MCLP as being affiliated with Goldman Sachs in its announcement of the deal.

The nonperforming loans involved in the details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com