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

Rhea-AI Summary

Fannie Mae (OTCQB: FNMA) announced results of its thirty-sixth reperforming loan sale, originally announced May 28, 2026. The single pool included 2,330 loans with unpaid principal balance of $564,628,219. Pacific Investment Management Company (PIMCO) was the winning bidder; closing is expected by July 24, 2026.

Positive

• Sale of 2,330 reperforming loans with $564,628,219 aggregate UPB
• Winning bid selected with cover bid at 83.76% of UPB (43.86% of BPO)
• Average loan size $242,330 with 3.67% weighted average note rate
• Weighted average BPO loan-to-value ratio of 59% for the sold pool

Negative

• None.

News Market Reaction – FNMA

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In the Jun 29 session, FNMA declined 0.17%, reflecting a mild negative market reaction.

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WASHINGTON, June 29, 2026 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its thirty-sixth reperforming loan sale transaction. The transaction, announced on May 28, 2026, included the sale of 2,330 loans totaling $564,628,219 in unpaid principal balance (UPB), offered in one pool. The winning bidder was Pacific Investment Management Company LLC (PIMCO). The transaction is expected to close by July 24, 2026. The pool was marketed with Citigroup Global Markets Inc. as advisor.

• The pool awarded in this most recent transaction includes 2,330 loans with an aggregate UPB of $564,628,219; average loan size of $242,330; weighted average note rate of 3.67%; and weighted average broker's price opinion (BPO) loan-to-value ratio of 59%.

The cover bid, which is the second highest bid for the pool, was 83.76% of UPB (43.86% of BPO).

Reperforming loans are loans that have been seriously delinquent in the past, have reperformed for a period of time, and are current at the time offered for sale. 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 did Fannie Mae (FNMA) announce about its thirty-sixth reperforming loan sale on June 29, 2026?

Fannie Mae announced the results of its thirty-sixth reperforming loan sale, involving 2,330 loans totaling $564,628,219 in unpaid principal balance. According to Fannie Mae, the pool was offered as a single transaction to institutional investors.

How large was Fannie Mae's thirty-sixth reperforming loan sale pool and how many loans were included?

The transaction included 2,330 reperforming loans with unpaid principal balance of $564,628,219. According to Fannie Mae, the pool had an average loan size of $242,330 and a weighted average note rate of 3.67% for investors to assess.

Who was the winning bidder for Fannie Mae's June 2026 reperforming loan sale and when will it close?

Pacific Investment Management Company (PIMCO) was the winning bidder for the thirty-sixth reperforming loan sale. According to Fannie Mae, the transaction is expected to close by July 24, 2026, subject to customary closing conditions for this type of loan sale.

What were the key pricing details, including the cover bid, in Fannie Mae's thirty-sixth reperforming loan sale (FNMA)?

The cover bid, or second-highest bid, was 83.76% of unpaid principal balance and 43.86% of BPO. According to Fannie Mae, the pool’s weighted average BPO loan-to-value ratio was 59%, providing investors additional context on collateral coverage and pricing levels.

What are reperforming loans and what borrower protections apply in Fannie Mae's FNMA June 2026 sale?

Reperforming loans were previously seriously delinquent but are current at sale time. According to Fannie Mae, buyers must honor existing loss mitigation and offer a waterfall of options, including possible loan modifications, before foreclosing on any delinquent borrower after purchase.

What loss mitigation obligations must buyers meet in Fannie Mae's reperforming loan sales?

Buyers must offer loss mitigation options to borrowers who re-default within five years after closing. According to Fannie Mae, purchasers must also honor in-process mitigation and provide a waterfall of options, including potential principal-forgiveness loan modifications, before starting foreclosure.

How can investors access information about future Fannie Mae (FNMA) reperforming loan sale pools?

Interested bidders can register for ongoing announcements, training, and other information through Fannie Mae’s designated webpage. According to Fannie Mae, details on specific reperforming loan pools available for purchase will be posted on that page for potential market participants.