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On March 2, FHFA announced changes to requirements for sales of non-performing loans (NPLs) by Freddie and Fannie to reduce the number of severely delinquent loans held in their inventories and to transfer risk to the private sector.
On March 2, FHFA announced changes to requirements for
sales of non-performing loans (NPLs) by Freddie
and Fannie to reduce the number of severely delinquent loans held
in their inventories and to transfer risk to the
private sector. The requirements are expected to encourage
broad participation by potential investors and provide for future
publication of aggregate data about borrower outcomes. Release. Fact Sheet.
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