Fannie Mae Announces Results of its Second Reperforming Loan Sale Transaction
Investment Weekly News
By a News Reporter-Staff News Editor at Investment Weekly News — – Fannie Mae (OTC Bulletin Board: FNMA) announced the results of its second reperforming loan sale transaction. The deal, which was HYPERLINK “http://www.fanniemae.com/portal/media/financial-news/2017/reperforming-loan-sale-6530.html” nannounced on March 14, 2017, included the sale of approximately 7,500 loans totaling $1.62 billion in unpaid principal balance (UPB), divided into four pools. DLJ Mortgage Capital, Inc. was the winning bidder on all four pools, and the transaction is expected to close on May 25, 2017.
The pools were marketed with Citigroup Global Markets Inc. as advisor.
Keywords for this news article include: Mortgages, Fannie Mae, Real Estate, Banking and Finance.
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