Fannie Mae completes third non-performing loan sale

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Fannie Mae announced the winner of its first sale of non-performing loans as part of its “Community Impact Pool” program, which consists of smaller pools of non-performing loans and is designed to attract diverse participation by non-profits, small investors and minority- and women-owned businesses.

Mortgage finance company Fannie mae revealed details wednesday of its first-ever large sale of non-performing mortgages, a move that could make it easier for some of the borrowers behind the loans to stay in their homes. Fannie Mae’s auction will include 3,200 mortgages with $786 million in unpaid.

The sale of NonPerforming Loans (NPLs) by Fannie Mae and Freddie Mac (the Enterprises).. complete a foreclosure or must sell or donate the loan, including to a. These three states also accounted for 47 percent of the.

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Freddie Mac announced the completion of its auction of 1,789 non-performing residential first lien loans (NPLs. and Elkhorn Depositor LLC for the second and third pool. Freddie Mac’s NPL sale is.

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November 10, 2015. Fannie Mae Announces Winners of its Latest Non-Performing Loan Sale Keosha Burns 202-752-7840. WASHINGTON, DC – Fannie Mae (FNMA/OTC) today announced the winning bidders for its third non-performing loan sale (NPL) of approximately 7,000 loans totaling $1.24 billion in unpaid principal balance (UPB), divided amongst three pools.

Bidders that are interested in future sales of Fannie Mae non-performing and reperforming loans can register for ongoing announcements, training, and other information at.

Fannie Mae announced it reduced its seriously delinquent portfolio with its latest sale of $581.1 million in non-performing loans. Fannie Mae first began. for the second pool and 77.63% in UPB for.

Report: Foreclosure Inventory Hits Record Level in June Around the nation, foreclosures have declined to their lowest level. records show 31,500 new foreclosures cases have been filed as of Aug. 1, on track to be at least the third-highest annual total.

Morgan Minutes: What is Financing? Fannie Mae, the government-sponsored enterprise which issues almost half of all mortgage-backed securities, determined over the next two years that more than 200 loans acquired from Taylor Bean were.

 · WASHINGTON, June 11, 2019 /PRNewswire/ — Fannie Mae (otcqb:FNMA) today announced the winning bidder for its fifteenth non-performing loan sale. The sale includes approximately 4,300 loans.

The loans will be serviced by Select Portfolio Servicing, Inc. The servicing of the loans will be in accordance with requirements similar to those applicable to the sale of non-performing. re in.