09.06.2014

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On Wednesday, the mortgage-finance company, Fannie Mae, announced details on its first non-performing loans sale, The Wall Street Journal reported.
Now, Fannie Mae said that the company's first auction would have around 3,200 mortgages totalling $786M in unpaid principal balance, and after that, the company would auction off such loans in regular periods, says The Wall Street Journal.
Housing Wire noted that this first auction will still be offered in two pools: The first one would be having around $180 million in unpaid principal balance and the second one would be carrying the bigger chunk of $606 million unpaid principal balance.
Fannie Mae also explained that the pools of NPL will be available for qualified bidders, and that the bids for these NPL are due on May 6, with closing expected to happen before the start of third quarter this year. Meanwhile, Freddie Mac, also a government-sponsored enterprise mortgage-finance company, had already sold delinquent loans via two transactions since last year, according to CoStar. Luxury Condos in Brooklyn: 'Fourth Avenue Could Be The Park Avenue of Brooklyn' Says Carlo A.


CDG EXCLUSIVE, LLC: LOAN MODIFICATION APPROVALS under the HOME AFFORDABLE MODIFICATION PROGRAM (HAMP), PRINCIPAL REDUCTION Program, FANNIE MAE Loan Modification, FREDDIE MAC Loan Modification, PRIVATE INVESTOR Inhouse Modification, etc. Fannie Mae National Housing Survey-Attitudes Towards Owning a Home, Renting, and Personal Finances - St.
Fannie Mae has a new monthly consumer attitude report offering a peek into the sentiments of Americans across the country. Homeowners and renters are asked a long list of 100 questions which are used to track attitudinal shifts. Enter your email address to subscribe to Finding Homes for You blog and receive notifications of new posts by email. The survey polls 1,000 of your fellow citizens every month via a live telephone interview to get a feel for what’s going on in the court of public opinion.


When not involved in Real Estate he is checking out new apps and bringing new tech goodies to his clients.
But if you are a buyer (and that’s who we work with) it is an awesome window of opportunity.



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