Tag Archives: reperforming loan

Here's the latest on Fannie Mae's reperforming loan sales and Ginnie Mae's mortgage-backed securities.

Fannie Mae announced on Tuesday that they have sold 13,500 loans with a cumulative unpaid principle balance of $2.99 billion in their third reperforming loan sale. Loans were divided into three pools, and sold to a single bidder: DLJ Mortgage Capital, Inc. Fannie Mae expects to close on the bid of this sale July 21.