Friday, May 15, 2015

Fannie Mae completes first non-performing loan sale

It’s Fannie Mae’s turn. The GSE announced the winners of its first-ever sale of non-performing loans, as its joins Freddie Mac in beginning to sell off NPL pools. Fannie Mae’s first sale includes two pools of NPLs with approximately 3,000 loans totaling $762 million in unpaid principal balance.

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