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Fannie Mae commences sale of reperforming loans

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Fannie Mae commences sale of reperforming loans

Fannie Mae has commenced marketing a pool of reperforming loans for sale to qualified bidders.

The pool has about 27,000 loans with about $6.17 billion in unpaid principal balance. Bids are due July 10.

The sale of reperforming loans is being marketed in collaboration with Citigroup Global Markets Inc.