Items Tagged with 're-performing loan'

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Freddie Mac selling off $292 million in previously modified loans

Re-performing loans will be re-securitized by Freddie Mac
Freddie Mac announced Thursday that it intends to sell off approximately $292 million in previously modified loans from its investment portfolio. According to details provided by the government-sponsored enterprise, the pool of loans consists of loans with step-rate modifications and loans modified under GSE proprietary modifications.
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Fannie Mae sells $1.62 billion in re-performing loans to Credit Suisse subsidiary

Closes sale of 7,500 loans to DLJ Mortgage Capital
Fannie Mae announced Thursday that it completed its second sale of re-performing loans, selling more than $1.6 billion in re-performing loans to a subsidiary of Credit Suisse. Here are the details on the latest mortgage purchase for DLJ Mortgage Capital, which also recently bought up more than $4.6 billion in loans from HSBC.
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Fannie Mae to sell $1.65 billion in re-performing loans

GSE announces second sale of previously delinquent loans
Fannie Mae's sale $1.68 billion in non-performing loans to private equity funds, one of which is a subsidiary of Goldman Sachs, wasn't the only loan sale the government-sponsored enterprise announced on Tuesday.The GSE also announced its second sale of re-performing loans, which will be much larger that its first such sale.
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Fannie Mae to make mountain of data available on modified loans

Historical data made available as part of plan to securitize re-performing loans
In an effort to provide the market with a "greater ability to analyze the performance of modified loans," Fannie Mae plans to make a historical dataset available on loans on its books that were previously modified due to delinquency.
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Fannie Mae announces plans to securitize re-performing loans

Mortgage bonds built on previously delinquent loans coming later this year
Less than two weeks after the Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac will be reducing the principal on as many as 33,000 delinquent or underwater borrowers, Fannie Mae announced it now plans to begin securitizing loans that were once delinquent.
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