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The Federal Housing Finance Agency (FHFA) today released its second report providing information about the sale of non-performing loans (NPLs) by Fannie Mae and Freddie Mac (the Enterprises). The Enterprise Non-Performing Loan Sales Report includes NPL sales data through August 31, 2016 and preliminary outcomes for borrowers as of June 30, 2016. The sale of NPLs reduces the number of severely delinquent loans in the Enterprises' portfolios and imposes on NPL buyers FHFA requirements that encourage prioritization of outcomes other than foreclosure for borrowers. An initial report of NPL sales and borrower outcome data was released in June.
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