Fannie Mae’s latest sale of non-performing loans has been declared as part of the company’s ongoing effort to reduce the size of its retained mortgage portfolio, including the company’s 19th Community Impact Pool (CIP). CIPs are typically smaller pools of loans that are geographically focused and marketed to encourage participation by non-profit organizations, minority- and women-owned businesses (MWOBs), and smaller investors.
The two larger pools include approximately 3,320 loans totaling $489.6 million in unpaid
