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Fannie Mae to sell $1.6B reperforming loan pool

Fannie Mae has unveiled its third reperforming loan sale of the year, an offering of nearly 10,000 loans valued at $1.57 billion.

The offering, dubbed FNMA 2022-RPL3, represents the agency’s 26th sale of reperforming loans since the inaugural offering in October 2016, which involved a pool of 3,600 reperforming loans valued at about $806 million. A reperforming loan is a mortgage that has been or is currently delinquent but has been reperforming for a period of time.

Fannie Mae will attempt to sell reperforming loans to investors, nonprofits and public-sector organizations, according to a program description on the agency’s details ⇒

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