Fannie Mae hopes to shed more than $1 billion of delinquent loans

Fannie Mae is planning to sell off more than $1 billion worth of loans that are not performing. The sale includes three larger pools of loans and two Community Impact Pools, which are generally smaller, focused on geography and geared toward smaller investors, according to HousingWire. The three larger pools include about 5,900 loans worth roughly $1 billion, and the Community Impact Pools include about 190 loans worth roughly $36 million. Fannie Mae has said […]

Source: Real Estate

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