FHFA Updates Policies for NPL and RPL Sale

On June 22, the FHFA issued a fact sheet outlining new sale and reporting requirements for non-performing and reperforming loans (NPLs and RPLs) sold by Fannie Mae and Freddie Mac (Enterprises).  The fact sheet presents updated policies for Enterprise RPL and NPL sales, including making loans currently in forbearance ineligible for such sales, mandating post-sale reporting on all RPLs regardless of performance, and having the Enterprises market properties to owner-occupiers for 30 days. The fact sheet also provides analysis on the Enterprise NPL and RPL programs to-date.

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