Tuesday, November 10, 2015

Fannie Mae completes third non-performing loan sale

Fannie Mae announced the winning bidders for its third non-performing loan sale of approximately 7,000 loans totaling $1.24 billion in unpaid principal balance. Fannie said it offered the non-performing loan sales to investors and their servicers so they could help borrowers avoid foreclosure wherever possible by applying a wider range of loss-mitigation options than Fannie has available.

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