Winning bidders have been announced for more than a billion dollars in government-sponsored enterprise residential loans that are not currently performing.
The Fannie Mae loans were offered for sale last month in five pools containing over 7,000 loans with an aggregate unpaid principal balance of around $1.1 billion.
Winning bidders were announced on Tuesday for four of the pools with approximately 6,800 home loans that have an unpaid principal balance of $1.06 billion.
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From:: Financing