Fannie Mae selling $1.2B in non-performing loans

The Federal National Mortgage Association, normally known as Fannie Mae, is a government sponsored enterprise (GSE) that purchases a large number of residential mortgages in the U.S. The mortgages are bought from banks and other lending institutions in order for them to supply more home loans.

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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.

Fannie Mae’s latest sale of non-performing loans includes three pools of approximately seven thousand loans totaling $1.2 billion in unpaid principal balance.

across mortgage pricing breakpoints isolates demand, not. Working Paper, March 2017. estimate indicates the loan to value ratio increases as interest rates fall, for most of the estimates,. 11The announcement is available online; see Fannie Mae (2007).. amount from existing mortgages of $1.2 B.

Fannie Mae and Freddie Mac have been auctioning off non-performing mortgages in batches since 2015. Some of those loans have gone unpaid for as long as six years. Fannie and Freddie help recoup their.

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 · The smaller pool of loans is also geographically focused and high occupancy, Fannie Mae said. According to Fannie Mae, the smaller pool consists of 120 loans, focused in the Miami, Florida area, totaling $20.7 million in unpaid principal balance.

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 United States Treasury.

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The loans in CIM Trust 2019-INV1 are conventional mortgages made to. that are eligible to be purchased by Fannie Mae or Freddie Mac.

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