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GSE Roundup

February 24, 2017
Freddie’s First NPL Sale of 2017. Freddie Mac announced its first nonperforming loan sale of the year last week, a $759 million auction of seasoned non-performing residential whole loans. The NPLs are currently serviced by Nationstar Mortgage LLC and Specialized Loan Servicing LLC. This is also Freddie Mac’s second multi-servicer NPL transaction. The NPLs are being marketed via five pools: four Standard Pool Offerings and one Extended Timeline Pool Offering, which targets participation by smaller investors, including non-profits and minority and women-owned businesses. HARP Refi Volume Slow in 4Q. The Federal Housing Finance Agency reported that 13,220 borrowers refinanced their mortgages through the Home Affordable Refinance Program...
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