Wednesday , 13 January 2021

Fannie Names Winning Bidders

By Aly J. Yale

Fannie Mae announced the winning bidders of its most recent Community Impact Pools of nonperforming loans on Thursday. With an expected closing date of August 15, 2017, the transaction will include $31.9 million in unpaid principal balance and 123 loans spread across New York and New Jersey. The two winners will be required to offer loss mitigation options to borrowers before moving into foreclosure.

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