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Banker's Toolbox Announces — ACQUISITION OF LOAN LOSS RESERVE POWERHOUSE, MAINSTREET TECHNOLOGIES
Banker's Toolbox, Inc., leaders in compliance solutions for financial institutions, announced the acquisition of Georgia-based MainStreet Technologies (MST). MST is an industry leader in the loan risk management space. This acquisition adds to a strong and growing portfolio of compliance-related solutions and will continue to enhance the value Banker's Toolbox brings to both their customers and the industry. (Read full press release here.)

Fannie and Freddie NPL sales

The FHFA has released its Enterprise Non-Performing Loan Sales Report, which provides information about the sale of NPLs by Fannie Mae and Freddie Mac. The report includes information about NPLs sold through December 31, 2018, and reflects borrower outcomes as of December 31, 2018, on NPLs sold through June 30, 2018. The sale of NPLs reduces the number of delinquent loans in the Enterprises’ portfolios and transfers credit risk to the private sector. FHFA and the Enterprises impose specific guidelines on NPL buyers designed to achieve more favorable outcomes for borrowers than foreclosure

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