Fannie Mae Announces Winner of Twenty-Ninth Community Impact Pool of Non-Performing Loans
The pool comprises 27 non-performing loans with $5,725,205 in aggregate unpaid principal balance.
Sentiment and the balance of points
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Rhea-AI Summary
Fannie Mae (OTCQB: FNMA) selected VRMTG ACQ as the winning bidder for its twenty-ninth Community Impact Pool of non-performing loans. The pool contains 27 loans with an aggregate unpaid principal balance of $5,725,205. Fannie Mae expects the transaction to close on December 15, 2026.
The average loan size is $212,045, the weighted average note rate is 4.82%, and the weighted average loan-to-value ratio based on broker price opinions is 57%. The second-highest bid, called the cover bid, was 93.75% of unpaid principal balance, or 54.01% of broker price opinions. The sale was marketed with BofA Securities. Purchasers must honor approved or in-process efforts to help borrowers avoid foreclosure.
Positive
- Minor point. Forward-looking: it has not happened yet and may not happen.Winning bidder selected for the sale of 27 non-performing loans totaling $5,725,205 in unpaid principal balance.
Negative
- Minor pointSecond-highest bid was 93.75% of unpaid principal balance, or 54.01% of broker price opinions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
- The CIP included 27 loans with an aggregate unpaid principal balance (UPB) of
$5,725,205 $212,045 4.82% ; and weighted average broker's price opinion (BPO) loan-to-value ratio of57% .
The cover bid, which is the second highest bid for the pool, was
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, 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-ninth Community Impact Pool, and when is closing expected?
VRMTG ACQ was the winning bidder, and Fannie Mae expects the transaction to close on December 15, 2026. The pool includes 27 non-performing loans with an aggregate unpaid principal balance of $5,725,205.
What borrower protections must buyers of Fannie Mae's Community Impact Pool follow?
Buyers 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, potentially including 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 nonprofits first.