Fannie Mae markets sale of 943 non-performing loans with $207.4 million unpaid principal balance
FNMA•Fannie Mae launches non-performing loan sale
Fannie Mae launched a sale of non-performing loans, including its 28th Community Impact Pool.
- Main pool: 943 deeply delinquent loans with $207.4 million unpaid principal balance.
- Community Impact Pool: 26 loans with $6.7 million unpaid principal balance, concentrated in the Dallas–Fort Worth area.
- Bids due Sept. 15 for the main pool; Sept. 23 for the Community Impact Pool.
- Buyers must pursue borrower loss-mitigation options before foreclosure, except for loans secured by vacant or condemned properties.
