The sale of non-performing loans (NPLs) lowers the number of delinquent loans in the Enterprises’ portfolios and transfers credit risk from the federal government to the private sector.
Feds offload 126K delinquent loans
Staff Reports
WASHINGTON – Fannie Mae and Freddie Mac (“the Enterprises”) sold 126,757 non-performing loans last year that had a total unpaid principal balance of $23.8 billion, the Federal Housing Finance Agency reported June 1.
Thursday, June 4, 2020