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Fannie Mae announces sale of nonperforming loans worth ~$260M
Seeking Alpha ·
Seeking Alpha reports: Fannie Mae on Thursday announced a sale of nonperforming loans worth $259.9M, which includes ~1,217 deeply delinquent loans. Additionally, the sale of nonperforming loans includes the company's twenty-ninth Community Impact Pool. The CIP includes ~27 loans totaling $5.7M in unpaid principal balance. Bids are due on the larger pool by October 27, and on the CIP by November 3. Content provided by Seeking Alpha is intended for information purposes only, and that Seeking…