More than $2 billion in reperforming government-sponsored enterprise mortgages are being marketed for sale to the highest bidder.

The offering is for approximately 11,000 reperforming residential loans that have an aggregate unpaid principal balance of $2.5 billion.

The mortgages in the offering were previously delinquent. But they are now performing again either due to bringing the payments current or modifications.


Source: Mortgage Daily