FHFA Publishes Third NPL Report, Illustrates Progress in Outcomes
June 2, 2017
The GSEs had sold more than 72,502 nonperforming loans through December 2016, according to the Federal Housing Finance Agency’s third report highlighting nonperforming loan sales and borrower outcomes. That number is up from the 59,629 NPLs that were sold through August 2016. The report, released this week, is part of the FHFA’s plans to make NPL sales activity more transparent. The agency released its inaugural report last June. The latest report shows that NPL sales totaled unpaid principal balance of $14.2 billion, and had an average current loan-to-value ratio of 97 percent. The average delinquency of pools sold ranged from 1.4 to 6.2 years.