The government-sponsored enterprises are moving nearly $6 billion in reperforming residential loans off of their balance sheets.
The Federal National Mortgage Association said Tuesday that it is marketing the sale of approximately 18,400 loans that have an aggregate unpaid principal balance of $3.59 billion.
The home loans were previously delinquent but are performing again. The mortgages were cured with and without the use of a loan modification.
Source: Mortgage Daily