Fannie Mae Announces the Results of its Thirty-fifth Reperforming Loan Sale Transaction

Rhea-AI Summary

Fannie Mae (OTCQB: FNMA) has successfully concluded its thirty-fifth reperforming loan sale transaction, with Pacific Investment Management Company LLC (PIMCO) emerging as the winning bidder. The transaction encompasses 3,044 loans with a total unpaid principal balance of $559.1 million.

The loan pool features an average loan size of $183,670, a weighted average note rate of 3.71%, and a weighted average BPO loan-to-value ratio of 45%. The cover bid was 85.07% of UPB. The transaction, marketed with Citigroup Global Markets Inc., is scheduled to close by October 3, 2025.

Positive

• None.

Negative

• Cover bid at 85.07% of UPB indicates discount on loan portfolio value

WASHINGTON, Sept. 10, 2025 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the winning bidder of its thirty-fifth reperforming loan sale transaction is Pacific Investment Management Company LLC (PIMCO). The transaction, announced on August 12, 2025, included the sale of 3,044 loans totaling $559,090,747 in unpaid principal balance (UPB), offered in one pool. The transaction is expected to close by October 3, 2025. The pool was marketed with Citigroup Global Markets Inc. as advisor.

• The pool awarded in this most recent transaction includes 3,044 loans with an aggregate UPB of $559,090,747; average loan size of $183,670; weighted average note rate of 3.71%; and weighted average broker's price opinion (BPO) loan-to-value ratio of 45%.

The cover bid, which is the second highest bid for the pool, was 85.07% of UPB (31.42% of BPO).

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.

Follow Fannie Mae
fanniemae.com

Fannie Mae Newsroom
https://www.fanniemae.com/news

Photo of Fannie Mae
https://www.fanniemae.com/resources/img/about-fm/fm-building.tif

Fannie Mae Resource Center
1-800-2FANNIE

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/fannie-mae-announces-the-results-of-its-thirty-fifth-reperforming-loan-sale-transaction-302550973.html

SOURCE Fannie Mae

FAQ

What is the size of Fannie Mae's 35th reperforming loan sale transaction?

The transaction includes 3,044 loans with a total unpaid principal balance of $559.1 million.

Who won the bid for Fannie Mae's latest reperforming loan sale?

Pacific Investment Management Company LLC (PIMCO) won the bid for Fannie Mae's thirty-fifth reperforming loan sale transaction.

What are the key terms of FNMA's reperforming loan sale?

The loan pool has an average loan size of $183,670, weighted average note rate of 3.71%, and weighted average BPO loan-to-value ratio of 45%. The cover bid was 85.07% of UPB.

What protections are in place for borrowers in Fannie Mae's loan sale?

Buyers must offer loss mitigation options for borrowers who default within 5 years, honor existing loan modifications, and provide various loss mitigation options before initiating foreclosure.

When will Fannie Mae's 35th reperforming loan sale close?

The transaction is expected to close by October 3, 2025.