Fannie Mae Announces Sale of Reperforming Loans
Fannie Mae (OTCQB: FNMA) has announced the sale of reperforming loans as part of its strategy to reduce its retained mortgage portfolio. The sale includes approximately 8,721 loans with an unpaid principal balance of about $1.429 billion. Qualified bidders can register for the sale, which is being marketed in collaboration with Citigroup Global Markets, Inc. Bids are due on October 29, 2024.
The sale terms require buyers to offer loss mitigation options to borrowers who may re-default within five years after the sale closing. Purchasers must honor existing loss mitigation efforts and offer a waterfall of options, including loan modifications with potential principal forgiveness, before initiating foreclosure.
Fannie Mae (OTCQB: FNMA) ha annunciato la vendita di prestiti ripristinati come parte della sua strategia per ridurre il portafoglio di mutui detenuti. La vendita include circa 8.721 prestiti con un saldo principale non pagato di circa 1,429 miliardi di dollari. I partecipanti qualificati possono registrarsi per la vendita, che è commercializzata in collaborazione con Citigroup Global Markets, Inc. Le offerte devono essere presentate entro il 29 ottobre 2024.
I termini di vendita richiedono che gli acquirenti offrano opzioni di mitigazione delle perdite ai mutuatari che potrebbero nuovamente inadempiere entro cinque anni dalla chiusura della vendita. Gli acquirenti devono rispettare gli sforzi di mitigazione delle perdite esistenti e offrire una serie di opzioni, comprese le modifiche ai prestiti con possibile perdono del capitale, prima di avviare un'azione di pignoramento.
Fannie Mae (OTCQB: FNMA) ha anunciado la venta de préstamos reperformados como parte de su estrategia para reducir su portafolio de hipotecas retenido. La venta incluye aproximadamente 8,721 préstamos con un saldo principal no pagado de aproximadamente $1.429 mil millones. Los licitadores calificados pueden registrarse para la venta, que se está comercializando en colaboración con Citigroup Global Markets, Inc. Las ofertas deben realizarse antes del 29 de octubre de 2024.
Los términos de la venta requieren que los compradores ofrezcan opciones de mitigación de pérdidas a los prestatarios que podrían volver a incumplir dentro de los cinco años posteriores al cierre de la venta. Los compradores deben respetar los esfuerzos existentes de mitigación de pérdidas y ofrecer una serie de opciones, que incluyen modificaciones de préstamos con posible perdón de capital, antes de iniciar el embargo.
팬니 메이 (OTCQB: FNMA)는 보유 주택 모기지 포트폴리오를 축소하기 위한 전략의 일환으로 재이행 대출의 판매를 발표했습니다. 이번 판매에는 약 8,721건의 대출이 포함되며, 미지급 원금 잔액은 약 $1.429억 달러입니다. 자격을 갖춘 입찰자는 Citigroup Global Markets, Inc.와 협력하여 마케팅되고 있는 판매에 등록할 수 있습니다. 입찰 마감일은 2024년 10월 29일입니다.
판매 조건에 따르면, 구매자는 판매 종료 후 5년 이내에 재이행할 수 있는 차용자에게 손실 완화 옵션을 제공해야 합니다. 구매자는 기존의 손실 완화 노력을 존중하고, 압류를 시작하기 전에 원금 면제를 포함한 대출 수정과 같은 다양한 옵션을 제공해야 합니다.
Fannie Mae (OTCQB: FNMA) a annoncé la vente de prêts reperformés dans le cadre de sa stratégie visant à réduire son portefeuille hypothécaire conservé. La vente comprend environ 8.721 prêts avec un solde principal impayé d'environ 1,429 milliard de dollars. Les enchérisseurs qualifiés peuvent s'inscrire à la vente, qui est commercialisée en collaboration avec Citigroup Global Markets, Inc. Les offres doivent être soumises avant le 29 octobre 2024.
Les conditions de vente exigent que les acheteurs offrent des options de mitigation des pertes aux emprunteurs qui pourraient de nouveau faire défaut dans les cinq ans suivant la clôture de la vente. Les acquéreurs doivent respecter les efforts existants de mitigation des pertes et offrir une cascade d'options, y compris des modifications de prêt avec une éventuelle remise de principal, avant de lancer une procédure de saisie.
Fannie Mae (OTCQB: FNMA) hat den Verkauf von reperforming loans angekündigt, um sein gehaltenes Hypothekenportfolio zu reduzieren. Der Verkauf umfasst etwa 8.721 Kredite mit einem unbeglichenen Hauptsaldo von etwa 1,429 Milliarden Dollar. Qualifizierte Bieter können sich für den Verkauf registrieren, der in Zusammenarbeit mit Citigroup Global Markets, Inc. beworben wird. Angebote müssen bis zum 29. Oktober 2024 eingereicht werden.
Die Verkaufsbedingungen verlangen von den Käufern, dass sie den Kreditnehmern, die innerhalb von fünf Jahren nach dem Verkaufsabschluss möglicherweise erneut in Verzug geraten, Verlustminderungsoptionen anbieten. Käufer müssen bestehende Bemühungen zur Verlustminderung anerkennen und eine Vielzahl von Optionen anbieten, einschließlich Kreditmodifikationen mit potenzieller Hauptschuldenvergebung, bevor sie die Zwangsvollstreckung einleiten.
- Reduction of retained mortgage portfolio size
- Sale of 8,721 loans with $1.429 billion unpaid principal balance
- Collaboration with Citigroup Global Markets, Inc. for marketing
- None.
The sale consists of approximately 8,721 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 October 29, 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
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