Monday, September 26, 2016

Fannie Mae sells $20.3m NPLs to familiar non-profit

Fannie Mae broke with tradition recently when it announced plans to sell a pool of non-performing loans through its “Community Impact Pool” program to a private equity firm, rather than the non-profits, small investors and minority- and women-owned businesses it is designed to target. But in its fifth Community Impact Pool sale, Fannie Mae is turning back to a non-profit, and a familiar one at that. http://www.housingwire.com/articles/38127-fannie-mae-sells-203m-npls-to-familiar-non-profit ❤️ #share #mortgage



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