Fannie Mae completes third non-performing loan sale

Fannie Mae announced their RPL results and NPL sale a day after Freddie Mac announced the completion of its auction of 1,789 non-performing residential first lien loans (NPLs) from its mortgage.

Meanwhile, Fannie Mae closed its first-ever bulk NPL sale in. qualification and complete a questionnaire to demonstrate a record of successful loan resolution through foreclosure alternatives. Also.

Joy Cianci, senior vice president for Credit Portfolio Management at Fannie Mae, said it’s the third sale of non-performing loans and is intended to reduce the number of severely delinquent loans held.

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Non-performing Loan sales. fannie mae’s sales of non-performing loans, which are part of the Federal Housing Finance Agency’s 2015 Conservatorship Scorecard, are intended to reduce the number of seriously-delinquent loans that Fannie Mae owns, to help stabilize neighborhoods and to help meet the portfolio reduction targets required under the senior preferred stock Purchase Agreement with the.

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Fannie Mae recently announced the winner of its fifteenth non-performing loan sale, which included 4,300 loans totaling. and Elkhorn Depositor LLC for the second and third pool. Freddie Mac and.

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.

Banks Selling Non Performing Loans Non-Performing Loan Sales.. FHFA believes that the sale of severely delinquent loans through NPL sales will improve borrower and neighborhood outcomes and will reduce Enterprise losses while reducing risk to taxpayers.. Fannie Mae Non-Performing Loan Sales Freddie Mac Non-Performing Loan.

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.

March 14 (Reuters) – Fannie Mae * Fannie mae – announced winning bidders for its ninth non-performing loan sale * Fannie mae – sale included approximately 9,400 loans totaling $1.68 billion in.

Short sales and foreclosures equally degrade FICO scores Short sales sales equal 11 percent of. rather than accept foreclosure although it probably hastened the day when he can buy a house again. But it’s not clear whether it will rescue his credit score.

WASHINGTON, Sept. 13, 2018 /PRNewswire/ — Fannie Mae (OTC Bulletin Board: FNMA) today announced its latest sale of non-performing loans, including the company’s fourteenth Community Impact Pool. Community Impact Pools are typically smaller pools of loans that are geographically-focused, and marketed to encourage participation by non-profit organizations, minority- and women-owned businesses.