Fannie Mae announces sale of nonperforming loans

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11 Oct, 2016 | 17:20

Author Jibran Ali Mirza
Theme Banking

FannieMae is selling five pools of nonperforming loans consisting of7,300 loans totaling $1.39 billion in unpaid principal balance.

The sale is being marketed in collaboration with Wells FargoSecurities LLC as an adviser.

Bids are due Nov. 3.

Author
Jibran Ali Mirza
Theme
Banking

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Fannie Mae announces sale of nonperforming loans