Fannie Mae Announces 17th Sale of Reperforming Loans

For about a decade GSE Fannie Mae has been carrying delinquent mortgages that have started performing again (that is, payments on the mortgages have become current with or without the assistance of modification of loan terms). Fannie Mae packages and markets the reperforming loans to investors, usually through a money center bank. Fannie Mae last …

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