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Updated almost 8 years ago on . Most recent reply
Fannie Mae sells a BILLION dollars or re-performers
Here's a link to the latest government backed sale. 7500 mortgages for more than a billion dollars. T
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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.