Goldman Sachs subsidiary again buys non-performing loans from Fannie Mae

Not everyone is excited for the sale

Fannie Mae announced today that MTGLQ Investos, L.P., a “significant subsidiary” of Goldman Sachs is yet again the winning bidder for its fifth non-performing loan sale.

According to the Securities and Exchange Commission, Goldman Sachs owns, directly or indirectly, at least 99% of the voting securities of MTGLQ Investors, L.P.

Fannie Mae announced the sale of its latest sale of non-performing loans, including the third Community Impact Pool that it has offered back in April. Bank of America Merrill Lynch, First Financial Network andCastle Oaks Securities served as advisors for the marketing of the sale of these non-performing loans.

Read on.

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