Estimated reading time: 0 minutes, 24 seconds

Fannie Mae Launches 19th Sale of Reperforming Loans

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. 

Read 1889 times
Rate this item
(0 votes)

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.