Fannie Mae Sells Largest Number of Non-Performing Loans to Date


Fannie Mae began its official sale of Non-Performing Loans (NPLs) in April 2015 and since then has sold thousands of seriously delinquent loans. These sales are conducted based on guidelines provided by the Federal Housing Finance Agency (FHFA) and require buyers, as articulated on Fannie Mae’s website, “to offer loan modifications to borrowers and provide foreclosure alternatives whenever possible.”

Continue reading