The FHFA reported a consistent decline in mortgage delinquencies since COVID-19 began, showcasing the efficacy of NPL sales in stabilizing the housing market.
As of December 31, 2023, Fannie Mae and Freddie Mac held around 43,000 non-performing loans, with 7% sold or settled in the first half of 2024.
The total NPL sales since 2014 reached 171,333 loans and a total unpaid principal balance of $31.4 billion, demonstrating the large scale of these transactions.
With the implementation of new loss-mitigation programs, NPL sales volume has stabilized since 2021, reflecting an improvement in overall mortgage delinquency rates.
Collection
[
|
...
]