Fannie Mae Announces Results of Seventeenth Reperforming Loan Sale Transaction
WASHINGTON, Oct. 13, 2020 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its seventeenth reperforming loan sale transaction. The deal, which was announced on September 10, 2020, included the sale of approximately 19,670 loans totaling
The loan pools awarded in this most recent transaction include:
- Pool 1: 3,690 loans with an aggregate unpaid principal balance of
$596,327,102 ; average loan size$161,606 ; weighted average note rate3.992% ; weighted average broker's price opinion (BPO) loan-to-value ratio of64% .
- Pool 2: 4,171 loans with an aggregate unpaid principal balance of
$598,101,909 ; average loan size$143,395 ; weighted average note rate4.477% ; weighted BPO loan-to-value ratio of67% .
- Pool 3: 2,953 loans with an aggregate unpaid principal balance of
$529,598,000 ; average loan size$179,342 ; weighted average note rate4.185% ; weighted BPO loan-to-value ratio of72% .
- Pool 4: 4,674 loans with an aggregate unpaid principal balance of
$530,138,276 ; average loan size$113,423 ; weighted average note rate4.659% ; weighted BPO loan-to-value ratio of65% .
- Pool 5: 4,178 loans with an aggregate unpaid principal balance of
$527,104,220 ; average loan size$126,162 ; weighted average note rate4.557% ; weighted BPO loan-to-value ratio of65% .
The cover bids, which are the second highest bids per pool, were
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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Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of U.S. households. 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