Fannie Mae Announces the Results of its Thirty-third Reperforming Loan Sale Transaction
Fannie Mae (FNMA) has announced the results of its thirty-third reperforming loan sale transaction, involving 8,678 loans with a total unpaid principal balance of $1.42 billion. The sale was divided into three pools, with Pacific Investment Management Company winning Pools 1 and 2, and JP Morgan Mortgage Acquisitions Corp. securing Pool 3. The transaction is set to close by December 20, 2024. The weighted average note rates range from 3.82% to 4.03%, with loan-to-value ratios between 47% and 49%. The cover bids ranged from 82.09% to 84.375% of UPB.
Fannie Mae (FNMA) ha annunciato i risultati della sua trentatreesima vendita di prestiti riperformanti, che coinvolge 8.678 prestiti con un saldo principale non pagato totale di 1,42 miliardi di dollari. La vendita è stata suddivisa in tre pool, con Pacific Investment Management Company che ha vinto i Pool 1 e 2, e JP Morgan Mortgage Acquisitions Corp. che ha ottenuto il Pool 3. La transazione dovrebbe chiudersi entro il 20 dicembre 2024. I tassi di interesse medi ponderati vanno dal 3,82% al 4,03%, con rapporti prestito/valore compresi tra il 47% e il 49%. Le offerte superiori sono variate dal 82,09% all'84,375% del saldo principale non pagato.
Fannie Mae (FNMA) ha anunciado los resultados de su transacción de venta de préstamos reperformantes número treinta y tres, que involucra 8.678 préstamos con un saldo de capital pendiente total de 1.42 mil millones de dólares. La venta se dividió en tres grupos, siendo la Pacific Investment Management Company la ganadora de los Grupos 1 y 2, y JP Morgan Mortgage Acquisitions Corp. asegurando el Grupo 3. Se espera que la transacción se cierre antes del 20 de diciembre de 2024. Las tasas de interés promedio ponderadas oscilan entre el 3.82% y el 4.03%, con relaciones préstamo-valor entre el 47% y el 49%. Las ofertas cubiertas variaron del 82.09% al 84.375% del saldo de capital pendiente.
Fannie Mae (FNMA)는 총 8,678건의 대출과 관련된 서른세 번째 재실행 대출 판매 거래 결과를 발표했습니다. 총 미지급 원금 잔액은 14억 2천만 달러입니다. 판매는 세 개의 풀로 나누어졌으며, Pacific Investment Management Company가 풀 1과 2를 차지하고, JP Morgan Mortgage Acquisitions Corp.가 풀 3을 확보했습니다. 거래는 2024년 12월 20일까지 마감될 예정입니다. 가중 평균 채권 금리는 3.82%에서 4.03% 사이이며, 대출-가치 비율은 47%에서 49% 사이입니다. 커버 입찰가는 미지급 원금의 82.09%에서 84.375% 사이였습니다.
Fannie Mae (FNMA) a annoncé les résultats de sa trente-troisième vente de prêts réperformants, impliquant 8.678 prêts pour un solde principal impayé total de 1,42 milliard de dollars. La vente était divisée en trois pools, avec Pacific Investment Management Company remportant les Pools 1 et 2, et JP Morgan Mortgage Acquisitions Corp. sécurisant le Pool 3. La transaction doit se clôturer d'ici le 20 décembre 2024. Les taux d'intérêt moyens pondérés varient de 3,82 % à 4,03 %, avec des ratios prêt/valeur entre 47 % et 49 %. Les offres de couverture variaient de 82,09 % à 84,375 % du solde principal impayé.
Fannie Mae (FNMA) hat die Ergebnisse ihrer dreiunddreißigsten Verkaufstransaktion von erneut zahlenden Krediten bekannt gegeben. Dabei handelt es sich um 8.678 Kredite mit einem gesamten ausstehenden Kapitalbetrag von 1,42 Milliarden Dollar. Der Verkauf wurde in drei Pools unterteilt, wobei die Pacific Investment Management Company die Pools 1 und 2 gewann und JP Morgan Mortgage Acquisitions Corp. den Pool 3 sicherte. Die Transaktion soll bis zum 20. Dezember 2024 abgeschlossen sein. Die gewichteten durchschnittlichen Zinssätze liegen zwischen 3,82% und 4,03%, mit einem Verhältnis von Kredit zu Wert von 47% bis 49%. Die Deckungsgebote lagen zwischen 82,09% und 84,375% des ausstehenden Kapitalbetrags.
- Successfully sold $1.42 billion worth of reperforming loans
- Secured major institutional buyers (PIMCO and JP Morgan)
- Relatively low loan-to-value ratios (47-49%) indicating lower risk
- Sale prices below par value (cover bids ranging 82.09-84.375% of UPB)
The loan pool awarded in this most recent transaction includes:
- Pool 1: 2,924 loans with an aggregate UPB of
$510,578,698 $174,617 3.82% ; and weighted average broker's price opinion (BPO) loan-to-value ratio of47% . - Pool 2: 3,311 loans with an aggregate UPB of
$524,573,434 $158,434 4.03% ; and weighted average broker's price opinion (BPO) loan-to-value ratio of48% . - Pool 3: 2,443 loans with an aggregate UPB of
$388,965,911 $159,217 3.96% ; and weighted average broker's price opinion (BPO) loan-to-value ratio of49% .
The cover bid, which is the second highest bid for the pool, was
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 loan modifications. In addition, purchasers must offer delinquent borrowers a waterfall of loss mitigation options, including loan modifications, which may include principal forgiveness or payment deferral 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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