Fannie Mae to jettison 11,000 non-performing loans

[Martin Saenz]

https://www.housingwire.com/articles/43373-fannie-...

Very good article.  Appears there may be a turnaround with inventory coming down the road granted the trickle down may take a while!

[David Montore]

Hi all, have mercy on the new guy here! I promise I'm not looking to be spoonfed information. I love doing my own research and I'm loving my real estate education journey so far. I'm currently in the middle of one of Dave Van Horn's books on note investing but I've not yet gotten all the way through so the process in its entirety isn't very clear to me just yet. I'm getting there though, with help from people like you, so thank you. My question about this topic is regarding the last part of the article where they said that the loans were batched into two pools with each going to a different bank, with bids due by June something-or-other. Does this mean that those notes are being sold by the banks as a pool to the highest (I'd imagine billionaire) bidder who then plays middle-man and sells them off as he/she sees fit? Or will the banks sell them off in batches or one-offs? Is the "little guy" even able to play directly with notes anymore or is it more often done through investment companies? I appreciate any clarification, thanks.

And for the record, @Martin Saenz, your book is next!

What am I doing wrong with tagging people, BTW? Neither my phone nor my computer let me do it.