Fannie Mae Announces Sale of Non-Performing Loans
Fannie Mae (OTCQB: FNMA) has announced a new sale of non-performing loans, including two larger pools totaling approximately 1,119 deeply delinquent loans worth $198.6 million in unpaid principal balance (UPB), and a Community Impact Pool (CIP) of about 40 loans valued at $7.2 million UPB located in Florida.
The sale, marketed with BofA Securities and First Financial Network, requires bids by May 15, 2025 for the larger pools and May 27, 2025 for the CIP. Buyers must follow strict terms, including offering sustainable loss mitigation options to borrowers and honoring existing loan modifications. If foreclosure is unavoidable, properties must first be marketed to owner-occupants and non-profits before investors, similar to Fannie Mae's FirstLook® program.
Fannie Mae (OTCQB: FNMA) ha annunciato una nuova vendita di prestiti non performanti, che include due grandi portafogli per un totale di circa 1.119 prestiti fortemente in ritardo per un valore di 198,6 milioni di dollari di saldo capitale non pagato (UPB), e un Community Impact Pool (CIP) di circa 40 prestiti del valore di 7,2 milioni di dollari UPB situati in Florida.
La vendita, promossa con BofA Securities e First Financial Network, richiede offerte entro il 15 maggio 2025 per i portafogli maggiori e entro il 27 maggio 2025 per il CIP. Gli acquirenti devono rispettare termini rigorosi, tra cui offrire opzioni sostenibili di mitigazione delle perdite ai mutuatari e onorare le modifiche esistenti ai prestiti. Se il pignoramento è inevitabile, le proprietà devono prima essere offerte a residenti proprietari e organizzazioni non profit prima che agli investitori, in modo simile al programma FirstLook® di Fannie Mae.
Fannie Mae (OTCQB: FNMA) ha anunciado una nueva venta de préstamos morosos, que incluye dos grandes carteras que suman aproximadamente 1.119 préstamos muy atrasados por un valor de 198,6 millones de dólares en saldo principal pendiente (UPB), y un Community Impact Pool (CIP) de alrededor de 40 préstamos valorados en 7,2 millones de dólares UPB ubicados en Florida.
La venta, promovida junto con BofA Securities y First Financial Network, requiere ofertas antes del 15 de mayo de 2025 para las carteras grandes y antes del 27 de mayo de 2025 para el CIP. Los compradores deben cumplir con términos estrictos, incluyendo ofrecer opciones sostenibles de mitigación de pérdidas a los prestatarios y respetar las modificaciones existentes de los préstamos. Si la ejecución hipotecaria es inevitable, las propiedades deben ser ofertadas primero a ocupantes propietarios y organizaciones sin fines de lucro antes que a inversores, similar al programa FirstLook® de Fannie Mae.
Fannie Mae (OTCQB: FNMA)는 약 1,119건의 심각하게 연체된 대출로 구성된 두 개의 대규모 포트폴리오와 플로리다에 위치한 약 40건의 대출로 구성된 커뮤니티 임팩트 풀(CIP) 총 1억 9,860만 달러 상당의 원금 미상환 잔액(UPB)을 포함한 부실 대출 신규 매각을 발표했습니다.
BofA Securities와 First Financial Network와 함께 진행되는 이번 매각은 대규모 포트폴리오의 입찰 마감일이 2025년 5월 15일이며, CIP의 입찰 마감일은 2025년 5월 27일입니다. 구매자는 차주에게 지속 가능한 손실 완화 옵션을 제공하고 기존 대출 수정 사항을 준수하는 등 엄격한 조건을 따라야 합니다. 압류가 불가피한 경우, Fannie Mae의 FirstLook® 프로그램과 유사하게 소유 거주자 및 비영리 단체에 먼저 부동산을 마케팅해야 하며, 그 후에 투자자에게 제공해야 합니다.
Fannie Mae (OTCQB : FNMA) a annoncé une nouvelle vente de prêts non performants, comprenant deux grands portefeuilles totalisant environ 1 119 prêts fortement en retard pour une valeur de 198,6 millions de dollars de solde principal impayé (UPB), ainsi qu'un Community Impact Pool (CIP) d'environ 40 prêts d'une valeur de 7,2 millions de dollars UPB situés en Floride.
La vente, commercialisée avec BofA Securities et First Financial Network, exige des offres avant le 15 mai 2025 pour les grands portefeuilles et avant le 27 mai 2025 pour le CIP. Les acheteurs doivent respecter des conditions strictes, notamment offrir des options durables de réduction des pertes aux emprunteurs et honorer les modifications de prêts existantes. En cas de saisie inévitable, les propriétés doivent d'abord être proposées aux occupants propriétaires et aux organisations à but non lucratif avant d'être offertes aux investisseurs, à l'image du programme FirstLook® de Fannie Mae.
Fannie Mae (OTCQB: FNMA) hat einen neuen Verkauf von notleidenden Krediten angekündigt, darunter zwei größere Pools mit insgesamt etwa 1.119 stark säumigen Krediten im Wert von 198,6 Millionen US-Dollar ausstehendem Kapitalbetrag (UPB) sowie einen Community Impact Pool (CIP) mit etwa 40 Krediten im Wert von 7,2 Millionen US-Dollar UPB in Florida.
Der Verkauf, der zusammen mit BofA Securities und First Financial Network vermarktet wird, fordert Gebote bis zum 15. Mai 2025 für die größeren Pools und bis zum 27. Mai 2025 für den CIP. Käufer müssen strenge Bedingungen einhalten, einschließlich der Bereitstellung nachhaltiger Verlustminderungsoptionen für Kreditnehmer und der Anerkennung bestehender Kreditänderungen. Falls eine Zwangsvollstreckung unvermeidbar ist, müssen die Immobilien zunächst Eigentümern und Non-Profit-Organisationen angeboten werden, bevor sie Investoren zugänglich gemacht werden – ähnlich dem FirstLook®-Programm von Fannie Mae.
- Strategic reduction of retained mortgage portfolio through sale of non-performing loans
- Implementation of borrower-friendly loss mitigation requirements for buyers
- Partnership with major financial institutions (BofA Securities and First Financial Network) for marketing
- Portfolio contains 1,159 deeply delinquent loans indicating significant default exposure
- $205.8 million in non-performing loans requiring disposition
The two larger pools include approximately 1,119 deeply delinquent loans totaling
Bids are due on the two larger pools by May 15, 2025, and on the CIP by May 27, 2025.
Terms of Fannie Mae's non-performing loan transactions require the buyer of the non-performing loans to offer loss mitigation options designed to be sustainable for borrowers. All buyers of non-performing loans are required to honor any approved or in-process loss mitigation efforts at the time of closing, including loan modifications. In addition, non-performing loan buyers 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, not secured by property which is vacant or condemned at the time of closing. In the event a foreclosure cannot be prevented, the owner of the loan must market the property to owner-occupants and non-profits before offering it to investors, similar to Fannie Mae's FirstLook® program.
Interested bidders are invited to register for future 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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FAQ
What is the total value of non-performing loans being sold by FNMA in April 2025?
When are the bid deadlines for FNMA's non-performing loan pools in 2025?
What requirements must buyers meet in FNMA's non-performing loan sale?
How many loans are included in FNMA's Florida Community Impact Pool?
