Fannie, Freddie Sells $22.2 Billion in Nonperforming Notes
From Housing Wire
Nonperforming notes sold by Fannie and Freddie first half of 2019
If you are wondering when the ideal time is to purchase notes for investment purposes, the answer is now. Fannie Mae and Freddie Mac sold $22.2 billion worth of nonperforming notes from their portfolios through the first half of 2019. 78,281 NPN’s were from Fannie Mae, 39,185 were from Freddie Mac, totaling 117,466 loans sold. Nearly half of these loans were located in New Jersey, New York and Florida. The loans also had an average delinquency of 3 years, and an average loan-to-value ratio of 92%.
Investing Nationally for Greater Selection
Time and time again we stress the importance of investing outside of your own backyard. If you live in any of the 47 states outside of New Jersey, New York or Florida, right now there is ample opportunity for investing nationally.
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