1. Fannie Mae announced a winning bidder for non-performing loans. 2. The transaction involves 39 loans with a UPB of $6.9 million. 3. Closing date for the deal is set for July 29, 2025. 4. Purchasers must honor loss mitigation efforts, including loan modifications. 5. The average loan size is $177,687, with a note rate of 4.35%.
This transaction indicates effective management of non-performing loans, enhancing FNMA's financial stability. Historical data shows that successful loan sales have positively influenced FNMA's stock price.
The sale of non-performing loans can improve FNMA's asset quality, thereby increasing investor confidence. Ongoing transactions in this area cement FNMA's response to market conditions, impacting stock performance.
The expected closing date in 2025 suggests ongoing effects on FNMA's loan portfolio management and overall performance.
/PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the winning bidder for its twenty-sixth Community Impact Pool (CIP) of non-performing loans. The transaction is expected to close on July 29, 2025, and includes 39 loans totaling $6.9 million in unpaid principal balance (UPB). The loans are geographically focused in the Florida area, and the winning bidder was VRMTG ACQ, LLC. The pool was marketed with BofA Securities, Inc. and First Financial Network, Inc. as advisors.
The CIP awarded in this most recent transaction includes 39 loans with an aggregate UPB of $6,929,805; average loan size of $177,687; and weighted average note rate of 4.35%.
The cover bid, which was the second highest bid, for the CIP was 106.05% of UPB (34.22% of BPO).
All purchasers are required to honor any approved or in-process loss mitigation efforts at the time of sale, including loan modifications. In addition, purchasers must offer delinquent borrowers a waterfall of loss mitigation options, including loan modifications, which may include principal forgiveness, prior to initiating foreclosure on any loan.
Interested bidders can register for ongoing announcements, training, and other information here. Fannie Mae will also post information about specific pools available for purchase on that page.
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SOURCE Fannie Mae