Freddie Mac Sells $1 Billion of Seriously Delinquent Loans

(Before It's News)

Freddie Mac Sells $1 Billion of Seriously Delinquent Loans MCLEAN, VA–(Marketwired – Oct 5, 2016) –  Freddie Mac (OTCQB: FMCC) today announced it sold via auction 5,364 deeply delinquent non-performing loans (NPLs) from its mortgage-related investments portfolio. The loans are currently serviced by either Wells Fargo Bank, N.A. or Ditech Financial, LLC. The transaction is expected … Read more

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