Fannie Mae has launched its fourth reperforming-loan sale of the year — an offering of 6,130 loans with an unpaid principal balance of $997 million.
The offering, dubbed FNMA 2022-RPL4, represents the agency’s 27th 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.
The FNMA 2022-RPL4 transaction involves three loan pools — with pool 1 composed of loans with about $341.6 million in unpaid principal balance; details ⇒
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