Fannie Mae Bulk Sale

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Do you have a couple hundred million to invest?

If you you’re eligible to participate in a great opportunity. It’s a shame they couldn’t offer this to smaller investors.

 

From DS News

 

Fannie Mae Begins Marketing First-Ever Bulk NPL Sale

Fannie Mae announced on Wednesday that it will make available for purchase to qualified bidders a bundle of approximately 3,200 non-performing single-family residential mortgage loans (NPLs) totaling about $786 million in unpaid principal balance (UPB). This will be Fannie Mae's first bulk sale of NPLs as the GSEs push to clear deeply delinquent loans from their mortgage portfolios at the behest of their conservator, the Federal Housing Finance Agency (FHFA).

 

 

- Sunil Sethi

SUNIL SETHI REAL ESTATE

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