Fannie Mae is marketing its 25th sale of reperforming loans since its first offering six years ago and its second sale so far in 2022. The offering is comprised of 7,600 mortgages with total unpaid principal balance of $1.49 billion.
The sale of reperforming loans (RPLs) is being marketed in collaboration with Citigroup Global Markets, with bids due by May 3, 2022. The offering is part of Fannie’s ongoing efforts to reduce the size of its retained mortgage portfolio, the agency said.
“All purchasers are required to honor any approved or in-process loss mitigation efforts at the time of sale, including details ⇒
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