Fannie Mae sells off $26 million in NPLs to nonprofit

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It was bigger than Fannie Mae, Freddie Mac, Merrill Lynch. 3 1/2 percent of Fannie and Freddie’s profits-around $350 million-would go to a fund to promote affordable housing. Nonprofit.

The buyer purchased the property in an off-market transaction. PHOENIX, AZ-Greystone has provided $42.6 million in Fannie Mae loans for the acquisition of a two-property multifamily portfolio in.

A nonprofit financial institution won the bid for Fannie Mae’s sixth Community Impact Pool of non-performing loans. This deal on nearly $26 million in NPLs is expected to close near the end of May. Here are the details on the sale.

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We ended the quarter with roughly $200 million of cash and no borrowings outstanding on a revolving credit facility. In June, we paid off the remaining $50 million. and government insured loans..

If foreclosure cannot be prevented, property sales to owner-occupants and non-profit agencies must be prioritized. Fannie Mae will work to sell these loans to investors, nonprofits and public sector organizations. The company anticipates bringing pools of loans to the market on a regular basis.

MCLEAN, VA–(Marketwired – Jul 31, 2015) – Freddie Mac ( OTCQB : FMCC ) today announced it sold. for NPL sales. Requirements on winning bidders’ servicers include: Servicer must be approved by and.

Fannie Mae’s Public Entity REO Sales Team is a dedicated resource to support Public Entities (State and local governments, housing authorities, etc.) and Non Profit organizations focused on neighborhood stabilization and affordable housing through the acquisition and redevelopment of foreclosed properties.

Fannie Mae is starting to sell off its nonperforming loans (NPLs) to investors. This week, the government-sponsored enterprise (GSE) announced that it is putting a pool of about 3,200 NPLs, totaling $786 million in unpaid principal balance (UPB), up for bids. This will mark the company’s first bulk-sale of NPLs since it announced its intention [.]

Fannie Mae’s fellow government-sponsored enterprise announced a NPL sale of its own on Friday. Freddie Mac said Friday that it is planning to sell off $759 million non-performing loans in its first NPL sale of 2017. According to Freddie Mac, the NPLs are currently serviced by Nationstar Mortgage or Specialized Loan Servicing. The sale marks.

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