Fannie Working on RFP for NPL Pilot

Fannie Mae is moving closer to launching a pilot program to dispose of some of its nonperforming residential loans, according to industry advisors familiar with the GSE’s plans.

The GSE, said one source, likely will issue a "request for proposal" sometime this summer to find a loan advisory firm to assist it. Several high profile Wall Street firms that run trading desks for NPLs are expected to file an application.