June 1, 2017

FHFA: Further Data Released on Non-Performing Loan Sales

​Washington, DC – The Federal Housing Finance Agency (FHFA) today released its third report providing information about the sale of non-performing loans (NPLs) by Fannie Mae and Freddie Mac (the Enterprises).  The Enterprise Non-Performing Loan Sales Report includes information about NPLs sold and outcomes for borrowers as of December 31, 2016.  The sale of NPLs reduces the number of severely delinquent loans in the Enterprises’ portfolios.  FHFA and the Enterprises impose requirements on NPL buyers  to encourage prioritization of outcomes for borrowers other than foreclosure.  An initial report of NPL sales and borrower outcome data was released in June 2016 and the second report was released in November 2016.

The third report shows that, through December 2016, the Enterprises had sold more than 72,502 NPLs representing a total unpaid principal balance of $14.2 billion.

The borrower outcomes in the report are based on the 45,446 NPLs that were settled by June 30, 2016 and reported through December 31, 2016.  These outcomes reflect the following:

FHFA will continue to provide reporting on NPL sales borrower outcomes on an ongoing basis.

Link to Non-Performing Loan Sales Report

Link to NPL page on FHFA.gov

This post was originally published here.