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Large Portfolio of Reperforming GSE Loans Sold
Sep 13th, 1:49pm
A winning bidder has been announced for an offering of more than $2 billion in reperforming government-sponsored enterprise mortgages.The offering, originally announced in August, was for nearly 11,000 Fannie Mae single-family loans with an aggregate unpaid principal balance of $2.5 billion.Although the mortgages had previously been delinquent, they are now performing again as a result of the borrowers bringing the payments current or modifications.

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