Fannie Mae (FNMA) began marketing its most recent sale of reperforming loans as part of the company’s ongoing effort to reduce the size of its retained mortgage portfolio. The sale consists of approximately 3,141 loans, having an unpaid principal balance of approximately $559.8M, and is available for purchase by qualified bidders. Interested bidders can register here. This sale of reperforming loans is being marketed in collaboration with Citigroup Global Markets. Bids are due on March 26. eperforming loans are loans that have been or are currently delinquent but have reperformed for a period of time. The terms of Fannie Mae’s reperforming loan sale require the buyer to offer loss mitigation options to any borrower who may re-default within five years following the closing of the reperforming loan sale.
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