FHFA Enhances Requirements for GES Sales of Non-Performing Loans – NMP Skip to main content

FHFA Enhances Requirements for GES Sales of Non-Performing Loans

NationalMortgageProfessional.com
Mar 02, 2015

Enterprise NPL sales are generally expected to include loans that are severely delinquent, such as loans that are more than a year past due.  Under a pilot program, Freddie Mac sold severely delinquent loans through two transactions in the past six months—one in August 2014 covering $596 million of unpaid principal balance (UPB), and the other on Feb. 5, 2015 covering $392 million of UPB.  FHFA's enhanced requirements for future NPL sales are based, in part, on a review of thes e initial sales as well as other considerations.

 

 

 

 

 

 

 

 

The requirements announcedare expected to encourage broad participation by potential investors and provide for future publication of aggregate data about borrower outcomes.

Published
Mar 02, 2015
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