Fannie Mae yesterday launched its first sale of “reperforming loans” — <em>i.e.</em>, those that were previously delinquent but now have current payments, MorningConsult.com reported. The move is part of its aim to shrink its retained mortgage portfolio, the mortgage company said in a statement. Selling delinquent and previously delinquent loans is part of Fannie’s effort to slim down its mortgage portfolio to meet targets set in a 2012 agreement between the Treasury Department and the Federal Housing Finance Agency. Fannie will sell a pool of about 3,600 loans worth $806 million in unpaid principal balance, with bids due Nov. 1, according to the statement.
