Fannie Mae and Freddie Mac sold 82,359 non-performing loans with a total unpaid principal balance of $16 billion during the first half of 2017, the Federal Housing Finance Agency reported.

The NPLs had an average delinquency of 3.3 years—down slightly from the second half of 2016—and an average current loan-to-value ratio of 97 percent.

NPLs in New Jersey, New York and Florida represented nearly half of those sold.