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Fannie Mae Launches 19th Sale of Reperforming Loans

Friday, Mar 12 2021
Lending
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Fannie Mae has announced the start of its 19th sale of reperforming loans, which are loans that were once delinquent but have reperformed for a time period.

According to a press release, the sale comprises almost 25,000 loans with an unpaid principal balance of roughly $3.5 billion.

Fannie’s reperforming loan sale terms require the buyer to give loss mitigation options meant to be sustainable for borrowers who might re-default within five years of the reperforming loan sale closing.

Read the full press release. 

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