IMN NPL/RPL Series - NPL Market - Tenebaum / Prosperity Investment Fund
b'Welcome to Capital Markets Today and the IMN\\u2019s series of NPL & RPL Forum\\u2019s podcasts.\\xa0 Capital Markets Today listeners can use code SP20 for a 20% discount to IMN\\u2019s NPL/RPL Forum East being held on January 19-20 2017 According to recent reporting, Fannie Mae and Freddie Mac have sold over 59 thousand non-performing loans with an aggregate unpaid principal balance $11.9 billion. With the addition of three months-worth of data, this bumped the number of loans sold up by nearly 18,000 loans and $3.4 billion from the previously issued data. The number of loans that resulted in foreclosure avoidance also increased within the three months over 5 percent from 12 percent to 17.1 percent as of August 2016. With the information FHFA has received with NPLs sold by December 31, 2015, the agency says that only 31 percent of the loans have been resolved. All this to say that the NPL market will continue to be brisk in 2017 via the primary, secondary and \\xa0tertiary markets.\\xa0 Joining the broadcast today to discuss the NPL market is Jay Tenebaum, Managing Member & Director of Capital Investments of Prosperity Investment Fund.\\xa0\\xa0 Prior to launching Prosperity, Jay was an attorney with over twenty years of debt collection experience.'