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FHFA report on non-performing loan sales

The Federal Housing Finance Agency has released its latest report on the sale of non-performing loans by Fannie Mae and Freddie Mac. The report includes information about NPLs sold through June 30, 2019, and reflects borrower outcomes on NPLs sold through December 31, 2018, and reported through June 30, 2019. The report shows that, through June 30, 2019, the Enterprises sold 117,466 NPLs with a total unpaid principal balance of $22.2 billion. While the Enterprises conducted NPL sales in the first half of 2019, none of the sales settled by the end of the reporting period.

  • NPLs sold had an average delinquency of 3.0 years and an average loan-to-value ratio of 92 percent.
  • NPLs in New Jersey, New York and Florida represented nearly half (45 percent) of the NPLs sold. These three states accounted for 47 percent of the Enterprises' loans that were one year or more delinquent as of December 31, 2014, prior to the start of NPL program sales in 2015.
  • Fannie Mae sold 78,281 loans and Freddie Mac sold 39,185 loans.
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