WASHINGTON, DC—As it signaled it would earlier this week, Fannie Mae marketing its first bulk-sale of non-performing loans. When it first announced its intention to bring to market this pool it didn't include details about the transaction.
For its first offering, Fannie Mae is bringing a pool of 3,200 loans totaling $786 million in unpaid principal balance to market for qualified bidders.
This sale is being marketed in collaboration with Bank of America Merrill Lynch, Credit Suisse and The Williams Capital Group.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
