Fannie Mae Announces Winner of Twenty-Eighth Community Impact Pool of Non-Performing Loans
The selected pool contains 24 non-performing loans with $6,200,360 in unpaid principal balance in the Dallas-Ft. Worth area.
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Rhea-AI Summary
Fannie Mae (OTCQB: FNMA) selected VRMTG ACQ as the winning bidder for its twenty-eighth Community Impact Pool of non-performing loans.
The pool contains 24 loans in the Dallas-Ft. Worth area with $6,200,360 in unpaid principal balance. The transaction is expected to close on November 19, 2026. Average loan size is $258,348, the weighted average note rate is 4.26%, and the weighted average loan-to-value ratio based on brokers' price opinions is 59%.
The second-highest bid, called the cover bid, was 94.0740% of unpaid principal balance, or 55.22% of brokers' price opinions. Purchasers must honor approved or in-process efforts to help borrowers avoid foreclosure and meet additional borrower-assistance and property-marketing requirements.
Positive
- Minor pointLoan sale to VRMTG ACQ covers 24 non-performing loans with $6,200,360 in unpaid principal balance.
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
- The CIP included 24 loans with an aggregate UPB of
$6,200,360 $258,348 4.26% ; and weighted average broker's price opinion (BPO) loan-to-value ratio of59% .
The cover bid, which is the second highest bid for the pool, was
All purchasers of Fannie Mae non-performing loan pools 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 not secured by property which is vacant or condemned at the time of closing. In the event a foreclosure cannot be prevented, the owner of the loan must market the property to owner-occupants and non-profits first, similar to Fannie Mae's FirstLook® program.
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Who won Fannie Mae's twenty-eighth Community Impact Pool, and when is closing expected?
VRMTG ACQ was the winning bidder, and the transaction is expected to close on November 19, 2026. The pool includes 24 non-performing loans in the Dallas-Ft. Worth area with $6,200,360 in unpaid principal balance.
What borrower protections apply to Fannie Mae's non-performing loan pool purchasers?
Purchasers must honor approved or in-process loss mitigation efforts, including loan modifications. Before initiating foreclosure, they must offer delinquent borrowers a sequence of assistance options, including modifications that may include principal forgiveness, unless the property is vacant or condemned at closing. If foreclosure cannot be prevented, the loan owner must market the property to owner-occupants and non-profits first.