Most mortgages sold by the government remain delinquent, FHFA says | Apartment Loan Depot Since 2005 – Fannie Mae and Freddie Mac Multifamily Loans Nationwide

(RECAP: More than three-quarters of the delinquent mortgages Freddie Mac and Fannie Mae have sold since 2014 are still delinquent today, according to a new report. Fannie and Freddie have sold delinquent mortgages in bulk since 2014. The mortgages are sold to investors at steep discounts to their face value in an attempt to help distressed homeowners find better outcomes than the government can provide and shield taxpayers from more losses caused by defaults. The government has drawn criticism for the mortgage sales. Many consumer advocates say the investors who buy them have no experience helping distressed homeowners and no sense of responsibility to the communities where the homes are located. But few nonprofits are able to handle the financing or servicing of so many mortgages.)