Goldman Sachs (GS - Get Report) is now the largest acquirer of severely delinquent mortgages from Fannie Mae (FNMA) , the Wall Street Journal reports. Over the last year and a half Goldman has acquired about two-thirds of Fannie's loans that it has auctioned.
On Tuesday the firm won the majority of Fannie's loans that were up for bid at its latest auction.
The binge of loan buying echoes the housing crisis, the Journal noted. Goldman is looking to make money with the acquisitions even as it attempts to fulfill terms of a government settlement in which it must help struggling home owners.