Nearly $1 billion in government-sponsored enterprise residential loans are being marketed for sale. The mortgages are either slightly past due or reperforming.
Bids are being being taken on re-performing and moderately delinquent single-family loans that have a collective unpaid principal balance of approximately $983 million.
Included in the pool are loans modified through the Home Affordable Modification Program and through GSE proprietary modifications.
Source: Mortgage Daily