This will be Fannie Mae's first bulk 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 totaling about $786 million in unpaid principal balance. 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. Still,
REO sales had a small influence on overall cash sales were up from all home sales in January – marking the 25th consecutive
month of year-over-year decline, read more.
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