Fannie Mae Sells Mortgages
- For the first time in history, Fannie Mae announces its sale of non-performing loans. Bidders that qualify can purchase from approximately 3,200 non-performing mortgage loans. Accumulatively, the principal balance of unpaid loans reaches a whopping $786 million. Fannie Mae is collaborating with Bank of America Merrill Lynch, Credit Suisse and The Williams Capital Group.