Fitch: GSEs' Sales of NPLs Could Offer Outlet for US Banks

April 22, 2015 2:25 PM

50 0

(The following statement was released by the rating agency) CHICAGO, April 22 (Fitch) The moves by Fannie Mae and Freddie Mac (GSEs) to establish programed sales of nonperforming loans (NPLs) will increase the depth of the distressed residential mortgage market, which could have positive implications for US banks seeking to sell their own NPLs, says Fitch Ratings.

As more NLP buyers emerge and pricing trends develop, the magnitude of the impact to banks' NPL valuations and selling opportunities will become clearer. Fitch believes that a deeper NPL market could help further extinguish the GSEs' and banks' crisis period residential mortgage asset quality issues...

Also read: Sheriff: Hostages freed, bank robbery suspect in custody

Read more

To category page

Loading...