More than $800 million in slightly past due and reperforming mortgages have been sold through an auction by the Federal Home Loan Mortgage Corp.
Freddie Mac disclosed Wednesday that it sold 3,514 single-family loans with a collective unpaid principal balance of $817 million through a seasoned loan structured transaction.
Included in the portfolio are seasoned residential loans that are either re-performing or are moderately delinquent, the McLean, Virginia-based organization said.
Source: Mortgage Daily
