Thursday, May 26, 2016

83 Fannie Mae Defaulters in Miami now have a new servicer

Heads up, Miami borrowers!

Here are two excerpts from 
Third Straight Win for Bidder on Fannie Nonperformers in National Mortgage News today.

"New Jersey Community Capital, a nonprofit community development financial institution, made the winning bid for Fannie Mae's third "community impact pool" of nonperforming loans. NJCC had won the auctions for Fannie Mae's first and second pools in this series, which are aimed at nonprofits, smaller investors and minority- and women-owned businesses."
"The latest pool won by the nonprofit contains 83 loans backed by properties in the Miami metro area. The unpaid principal balances totaled $19.7 million."

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