Fannie Mae Announces Winner of its Latest Non-Performing Loan Sale
- None.
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The loan pool awarded in this most recent transaction includes:
- Pool 1: 1,371 loans with an aggregate UPB of
; average loan size of$225,368,552 ; weighted average note rate of$164,383 4.70% ; and weighted average broker's price opinion (BPO) loan-to-value ratio of41% .
The cover bid, which is the second highest bid for the pool, was
Bids are due on Fannie Mae's Community Impact Pool on September 20, 2023.
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 helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of people in America. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit:
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SOURCE Fannie Mae