Fannie Mae Announces Winner of Twenty-Seventh Community Impact Pool of Non-Performing Loans

Rhea-AI Summary

Fannie Mae (OTCQB: FNMA) has announced Residential Credit Opportunities Trust X-C as the winning bidder for its twenty-seventh Community Impact Pool (CIP) of non-performing loans in Florida. The transaction, set to close on September 19, 2025, includes 26 loans with a total unpaid principal balance of $6.38 million.

The pool features an average loan size of $245,426 with a weighted average note rate of 4.13%. The cover bid was 104.78% of UPB. Purchasers must honor existing loss mitigation efforts and offer delinquent borrowers various options, including loan modifications with potential principal forgiveness, before pursuing foreclosure.

Positive

• Successful sale of non-performing loans helps improve Fannie Mae's balance sheet
• Purchaser required to offer loss mitigation options to protect borrowers
• Cover bid at 104.78% of UPB indicates strong market interest

Negative

• Portfolio of 26 non-performing loans indicates continued mortgage payment challenges in Florida market

News Market Reaction

+2.66%

1 alert

+2.66% News Effect

On the day this news was published, FNMA gained 2.66%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

WASHINGTON, Aug. 15, 2025 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the winning bidder for its twenty-seventh Community Impact Pool (CIP) of non-performing loans. The transaction is expected to close on September 19, 2025. The loans are geographically focused in the Florida area, and the winning bidder was Residential Credit Opportunities Trust X-C. The pool was marketed with BofA Securities, Inc. and First Financial Network, Inc. as advisors.

The CIP awarded in this most recent transaction includes 26 loans with an aggregate unpaid principal balance (UPB) of $6,381,078; average loan size of $245,426; and weighted average note rate of 4.13%.

The cover bid, which was the second highest bid, for the CIP was 104.78% of UPB (40.38% of BPO).

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 27th Community Impact Pool of non-performing loans?

The Community Impact Pool consists of 26 loans with a total unpaid principal balance of $6.38 million, with an average loan size of $245,426.

Who won the bid for Fannie Mae's latest non-performing loan pool?

Residential Credit Opportunities Trust X-C won the bid for Fannie Mae's twenty-seventh Community Impact Pool of non-performing loans in Florida.

When will Fannie Mae's latest non-performing loan sale close?

The transaction is expected to close on September 19, 2025.

What are the requirements for purchasers of Fannie Mae's non-performing loans?

Purchasers must honor existing loss mitigation efforts, including loan modifications, and must offer delinquent borrowers various loss mitigation options, including potential principal forgiveness, before initiating foreclosure.

What was the cover bid percentage for Fannie Mae's 27th Community Impact Pool?

The cover bid was 104.78% of UPB (40.38% of BPO).