Tuesday, December 8, 2015

Freddie Mac sells off $1.1 billion in non-performing loans

Freddie Mac announced Tuesday that it sold off 5,311 seriously delinquent loans from its investment portfolio. The loans carry an unpaid principal balance of approximately $1.1 billion. The sale, which was initially announced last month, had five pools of loans being sold to several different buyers, including one that has become familiar in sales like these.

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