Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Tax Liens & Mortgage Notes
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

428
Posts
322
Votes
Steve Hodgdon
  • Investor
  • Novato, CA
322
Votes |
428
Posts

Fannie Mae sells a BILLION dollars or re-performers

Steve Hodgdon
  • Investor
  • Novato, CA
Posted

Here's a link to the latest government backed sale. 7500 mortgages for more than a billion dollars. T

http://www.fanniemae.com/portal/media/financial-ne...

  • Steve Hodgdon
  • User Stats

    81
    Posts
    22
    Votes
    Gary Baker
    • Investor
    • Keller, TX
    22
    Votes |
    81
    Posts
    Gary Baker
    • Investor
    • Keller, TX
    Replied

    Am I the only one who sees this as FM selling off their toxic assets? Yes they are re-performing, yet both the stock and property markets are at all time highs because of quantitative easing. There will be a correction and 'DLJ' bought these at fairly high rates, if they want REO on the flip side that is a good deal. DLJ will parcel these up and sell them on. Someone, somewhere, will be hurting when the markets correct themselves.