Government agencies have have taken a lot of heat from advocacy groups, civil rights groups, and lawmakers in the last few months over the sales of delinquent mortgages to private investors. Fannie Mae went another route with its latest sale.
Read More »Fannie Mae’s Portfolio Gets a Little Less Delinquent
Wall Street has figured in another billion-plus dollar non-performing loan (NPL) sale for one of the GSEs.
Read More »Fannie Mae Targets Non-Profits With Delinquent Pool
Housing advocates have been calling for government agencies to sell more non-performing mortgage loans to non-profits. With the announcement of Fannie Mae's latest non-performing loan (NPL) auction, they are partially getting their wish.
Read More »Non-Profit Gets in on Freddie Mac’s Delinquent Loan Sale
Democratic lawmakers and housing advocates have been calling for the GSEs to sell non-performing loans (NPLs) to non-profits and Community Development Financial Institutions, and on Wednesday, they partially got their wish.
Read More »Non-Profit Wins Fannie Mae Distressed Loan Auction
Lawmakers and activists that have been calling for Fannie Mae, Freddie Mac, and HUD to sell their non-performing mortgage loans to non-profits saw their wish come true on Thursday.
Read More »Calling for Change: Cities Nationwide Protest Agency Distressed Loan Sales Practices
Elected officials and community leaders in cities all over the country are rallying to protest sales of non-performing mortgages to Wall Street investors. What is the proposed solution?
Read More »BP Fisher Law Group Moves Maryland Office to New Location
BP Fisher Law Group, LLP, a firm that provides cradle-to-grave loss mitigation and default related services for commercial lenders with non performing loans (NPLs), recently announced that it has moved its Maryland office.
Read More »Freddie Mac Kicks Off 2016 With Largest Ever Delinquent Loan Auction
Both GSEs have made a substantial push in the last year to follow the directive of their conservator, the Federal Housing Finance Agency, to excise NPLs and deeply delinquent loans from their residential mortgage portfolios.
Read More »Fannie Mae Offers Largest Delinquent Loan Sale to Date
The latest non-performing loan sale, Fannie Mae's fourth overall, will include a smaller Community Impact Pool.
Read More »Freddie Mac Completes Second Non-Performing Loan Sale Worth More than $1 Billion
The loans are three years delinquent on average and approximately one-third of them have previously been modified and subsequently became delinquent.
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