A unit of Credit Suisse has acquired more than $2 billion in government-sponsored enterprise single-family loans that are reperforming.

In all, the sale involves four pools amounting to 9,300 mortgages which have a collective unpaid principal balance of $2.11 billion.

Residential loans included in the sale were previously delinquent but are performing again because they were brought current with and without loan modifications.<


Source: Mortgage Daily