Fannie Mae Announces Sale of Reperforming Loans

Rhea-AI Summary

Fannie Mae (OTCQB: FNMA) has announced a new sale of reperforming loans as part of its strategy to reduce its retained mortgage portfolio. The sale package includes 3,058 loans with an unpaid principal balance of $560.5 million.

The sale, marketed in partnership with Citigroup Global Markets, requires buyers to maintain borrower protections, including offering loss mitigation options for borrowers who may default within five years of the sale. Buyers must honor existing loan modifications and provide various loss mitigation alternatives before pursuing foreclosure. Bids are due on September 4, 2025.

Positive

• None.

Negative

• Reduction in retained mortgage portfolio may impact future interest income
• Potential loss of performing assets from the balance sheet

News Market Reaction – FNMA

-3.74%

-3.74% Session close to close

In the Aug 12 session, FNMA declined 3.74%, reflecting a moderate negative market reaction.

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WASHINGTON, Aug. 12, 2025 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today began marketing its most recent sale of reperforming loans as part of the company's ongoing effort to reduce the size of its retained mortgage portfolio.

The sale consists of approximately 3,058 loans, having an unpaid principal balance of approximately $560.5 million, and is available for purchase by qualified bidders. Interested bidders can register here.

This sale of reperforming loans is being marketed in collaboration with Citigroup Global Markets, Inc. Bids are due on September 4, 2025.

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, 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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SOURCE Fannie Mae

FAQ

What is the size of Fannie Mae's reperforming loan sale announced in August 2025?

The sale consists of 3,058 loans with an unpaid principal balance of approximately $560.5 million.

When is the bid deadline for Fannie Mae's August 2025 reperforming loan sale?

Bids for the reperforming loan sale are due on September 4, 2025.

What protections are required for borrowers in FNMA's reperforming loan sale?

Buyers must offer loss mitigation options for defaults within 5 years, honor existing loan modifications, and provide loss mitigation alternatives before foreclosure.

Who is marketing Fannie Mae's August 2025 reperforming loan sale?

The sale is being marketed in collaboration with Citigroup Global Markets, Inc.

What are reperforming loans in Fannie Mae's portfolio?

Reperforming loans are loans that were previously delinquent but have resumed regular payments for a period of time.