Fannie Mae Announces Sale of Reperforming Loans
Fannie Mae (OTCQB: FNMA) has announced the sale of 3,119 reperforming loans with an unpaid principal balance of approximately $611.2 million. This sale is part of the company's ongoing strategy to reduce its retained mortgage portfolio. The sale is being marketed in collaboration with Citigroup Global Markets, Inc., with bids due on September 5, 2024.
Reperforming loans are those that were previously delinquent but have since resumed payments. The sale terms require buyers to offer loss mitigation options to borrowers who may default again within five years of the sale. Purchasers must also honor existing loss mitigation efforts and provide a range of options to delinquent borrowers before initiating foreclosure.
Fannie Mae (OTCQB: FNMA) ha annunciato la vendita di 3.119 prestiti ristrutturati con un saldo principale non pagato di circa 611,2 milioni di dollari. Questa vendita fa parte della strategia continua dell'azienda per ridurre il suo portafoglio ipotecario detenuto. La vendita è commercializzata in collaborazione con Citigroup Global Markets, Inc., con le offerte da presentare entro il 5 settembre 2024.
I prestiti ristrutturati sono quelli che in precedenza erano inadempienti ma che hanno ripreso i pagamenti. I termini di vendita richiedono agli acquirenti di offrire opzioni di mitigazione delle perdite ai mutuatari che potrebbero nuovamente inadempiere entro cinque anni dalla vendita. Gli acquirenti devono anche rispettare gli sforzi esistenti di mitigazione delle perdite e fornire una gamma di opzioni ai mutuatari inadempienti prima di avviare la procedura di pignoramento.
Fannie Mae (OTCQB: FNMA) ha anunciado la venta de 3,119 préstamos reestructurados con un saldo principal impago de aproximadamente 611.2 millones de dólares. Esta venta forma parte de la estrategia continua de la empresa para reducir su cartera hipotecaria retenida. La venta se está comercializando en colaboración con Citigroup Global Markets, Inc., con las ofertas a presentar antes del 5 de septiembre de 2024.
Los préstamos reestructurados son aquellos que anteriormente estaban en mora pero que han reanudado los pagos. Los términos de la venta requieren que los compradores ofrezcan opciones de mitigación de pérdidas a los prestatarios que puedan volver a incumplir dentro de los cinco años posteriores a la venta. Los compradores también deben respetar los esfuerzos existentes de mitigación de pérdidas y proporcionar una serie de opciones a los prestatarios morosos antes de iniciar el procedimiento de ejecución hipotecaria.
팬니 메이(Fannie Mae)(OTCQB: FNMA)는 약 6억 1,120만 달러의 미지급 원금 잔액을 가진 3,119개의 재구성 대출의 판매를 발표했습니다. 이 판매는 회사의 지속적인 전략의 일환으로 보유한 모기지 포트폴리오를 줄이는 것입니다. 이 판매는 씨티그룹 글로벌 마켓, Inc.와 협력하여 진행되며, 입찰 마감일은 2024년 9월 5일입니다.
재구성된 대출은 과거에 연체되었지만 현재는 다시 상환되고 있는 대출입니다. 판매 조건은 구매자가 판매 후 5년 이내에 다시 연체될 수 있는 차입자에게 손실 완화 옵션을 제공하도록 요구합니다. 구매자는 또한 기존의 손실 완화 노력을 존중하고, 압류를 시작하기 전에 연체 차입자에게 다양한 옵션을 제공해야 합니다.
Fannie Mae (OTCQB: FNMA) a annoncé la vente de 3.119 prêts réperformés avec un solde de principal impayé d'environ 611,2 millions de dollars. Cette vente s'inscrit dans la stratégie continue de l'entreprise pour réduire son portefeuille hypothécaire conservé. La vente est commercialisée en collaboration avec Citigroup Global Markets, Inc., avec des offres à soumettre d'ici le 5 septembre 2024.
Les prêts réperformés sont ceux qui étaient auparavant en retard, mais ont depuis repris leurs paiements. Les conditions de vente exigent que les acheteurs proposent des options de réduction des pertes aux emprunteurs qui pourraient à nouveau faire défaut dans les cinq ans suivant la vente. Les acheteurs doivent également respecter les efforts existants de réduction des pertes et fournir une gamme d'options aux emprunteurs en retard avant d'initier une procédure de saisie.
Fannie Mae (OTCQB: FNMA) hat den Verkauf von 3.119 nachperformenden Krediten mit einem ausstehenden Hauptsaldo von etwa 611,2 Millionen Dollar angekündigt. Diese Verkauf ist Teil der fortlaufenden Strategie des Unternehmens zur Reduzierung seines gehaltenen Hypothekenportfolios. Der Verkauf wird in Zusammenarbeit mit Citigroup Global Markets, Inc. vermarktet, und die Gebote sind bis zum 5. September 2024 einzureichen.
Nachperformende Kredite sind solche, die zuvor im Rückstand waren, aber seitdem die Zahlungen wieder aufgenommen haben. Die Verkaufsbedingungen verlangen von den Käufern, dass sie den Borrowern, die innerhalb von fünf Jahren nach dem Verkauf möglicherweise erneut in Verzug geraten, Optionen zur Verlustminderung anbieten. Käufer müssen auch vorhandene Bemühungen zur Verlustminderung respektieren und den in Verzug befindlichen Borrowern eine Reihe von Optionen anbieten, bevor sie die Zwangsvollstreckung einleiten.
- Reduction of retained mortgage portfolio, potentially improving financial position
- Sale of $611.2 million in unpaid principal balance, generating potential revenue
- Collaboration with Citigroup Global Markets, Inc. for marketing the sale
- Potential loss of future interest income from the sold loans
- Possible reduction in total assets on the balance sheet
The sale consists of approximately 3,119 loans, having an unpaid principal balance of approximately
This sale of reperforming loans is being marketed in collaboration with Citigroup Global Markets, Inc. Bids are due on September 5, 2024.
Reperforming loans are loans that have been or are currently delinquent but have reperformed for a period of time. The terms of Fannie Mae's reperforming loan sale require the buyer to offer loss mitigation options to any borrower who may re-default within five years following the closing of the reperforming loan sale. All purchasers are required to honor any approved or in-process loss mitigation efforts at the time of sale, including forbearance arrangements and 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.
About Fannie Mae
Fannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America. We enable the 30-year fixed-rate mortgage and drive responsible innovation to make homebuying and renting easier, fairer, and more accessible. To learn more, visit: fanniemae.com | Twitter | Facebook | LinkedIn | Instagram | YouTube | Blog
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