Winning bidders have been announced in the auction of nearly $2 billion in reperforming government-sponsored enterprise residential loans.
In all, two pools of single-family Fannie Mae loans are being sold to two different buyers. The transactions are expected to be completed by May 24.
The first pool includes 3,015 loans with an aggregate unpaid principal balance of $0.686 billion. The weighted-average loan-to-value based on broker-price onions is 75 percent.
Source: Mortgage Daily