Fannie Mae Announces Winners of its Latest Non-Performing Loan Sale
Fannie Mae (FNMA) has announced the results of its twenty-sixth non-performing loan sale, involving 1,077 deeply delinquent loans with a total unpaid principal balance of $193 million. The sale was divided into two pools: Pool 1 with 335 loans ($60.4M UPB) won by Residential Credit Opportunities IX, LLC, and Pool 2 with 742 loans ($132.8M UPB) won by VRMTG ACQ, LLC. The transaction is set to close on July 8, 2025.
Both pools have similar characteristics, with weighted average BPO loan-to-value ratios of 41% and note rates around 4.4%. The cover bids were strong at 103.79% of UPB for Pool 1 and 104.36% for Pool 2. Purchasers must honor existing loss mitigation efforts and offer various options to delinquent borrowers before pursuing foreclosure.
Fannie Mae (FNMA) ha annunciato i risultati della sua ventiseiesima vendita di prestiti non performanti, riguardante 1.077 prestiti fortemente inadempienti con un saldo principale non pagato totale di 193 milioni di dollari. La vendita è stata suddivisa in due gruppi: Pool 1 con 335 prestiti (60,4 milioni di dollari di saldo principale) aggiudicato a Residential Credit Opportunities IX, LLC, e Pool 2 con 742 prestiti (132,8 milioni di dollari di saldo principale) aggiudicato a VRMTG ACQ, LLC. La transazione è prevista per la chiusura l'8 luglio 2025.
Entrambi i pool presentano caratteristiche simili, con rapporti medi ponderati BPO loan-to-value del 41% e tassi di interesse intorno al 4,4%. Le offerte di copertura sono state elevate, pari al 103,79% del saldo principale per il Pool 1 e al 104,36% per il Pool 2. Gli acquirenti devono rispettare gli sforzi esistenti di mitigazione delle perdite e offrire diverse opzioni ai mutuatari inadempienti prima di procedere con la esecuzione immobiliare.
Fannie Mae (FNMA) ha anunciado los resultados de su vigésima sexta venta de préstamos morosos, que involucra 1,077 préstamos profundamente atrasados con un saldo principal pendiente total de 193 millones de dólares. La venta se dividió en dos grupos: Grupo 1 con 335 préstamos (60.4 millones de dólares de saldo principal) adjudicado a Residential Credit Opportunities IX, LLC, y Grupo 2 con 742 préstamos (132.8 millones de dólares de saldo principal) adjudicado a VRMTG ACQ, LLC. La transacción está programada para cerrarse el 8 de julio de 2025.
Ambos grupos tienen características similares, con ratios promedio ponderados BPO loan-to-value del 41% y tasas de interés alrededor del 4.4%. Las ofertas de cobertura fueron fuertes, alcanzando el 103.79% del saldo principal para el Grupo 1 y el 104.36% para el Grupo 2. Los compradores deben respetar los esfuerzos existentes de mitigación de pérdidas y ofrecer varias opciones a los prestatarios morosos antes de proceder con la ejecución hipotecaria.
Fannie Mae (FNMA)는 1,077건의 심각한 연체 대출, 총 미지급 원금 잔액 1억 9,300만 달러에 대한 26번째 부실 대출 매각 결과를 발표했습니다. 매각은 두 개의 풀로 나뉘었으며, 풀 1은 335건의 대출(6,040만 달러 원금 잔액)로 Residential Credit Opportunities IX, LLC가 낙찰받았고, 풀 2는 742건의 대출(1억 3,280만 달러 원금 잔액)로 VRMTG ACQ, LLC가 낙찰받았습니다. 거래는 2025년 7월 8일에 마감될 예정입니다.
두 풀 모두 유사한 특성을 지니며, 가중 평균 BPO 대출 가치 비율은 41%, 이자율은 약 4.4%입니다. 입찰가는 풀 1의 원금 잔액 대비 103.79%, 풀 2는 104.36%로 강세를 보였습니다. 구매자는 기존 손실 완화 노력을 존중하고, 압류 절차를 진행하기 전에 연체 차주에게 다양한 옵션을 제공해야 합니다.
Fannie Mae (FNMA) a annoncé les résultats de sa vingt-sixième vente de prêts non performants, portant sur 1 077 prêts fortement en défaut, avec un solde principal impayé total de 193 millions de dollars. La vente a été divisée en deux pools : Pool 1 comprenant 335 prêts (60,4 M$ de solde principal) remporté par Residential Credit Opportunities IX, LLC, et Pool 2 comprenant 742 prêts (132,8 M$ de solde principal) remporté par VRMTG ACQ, LLC. La transaction doit être finalisée le 8 juillet 2025.
Les deux pools présentent des caractéristiques similaires, avec un ratio pondéré moyen BPO prêt-valeur de 41 % et des taux d'intérêt d'environ 4,4 %. Les offres de couverture étaient solides, à 103,79 % du solde principal pour le Pool 1 et 104,36 % pour le Pool 2. Les acheteurs doivent respecter les efforts existants d'atténuation des pertes et proposer diverses options aux emprunteurs en défaut avant d'engager une procédure de saisie.
Fannie Mae (FNMA) hat die Ergebnisse seines sechsundzwanzigsten Verkaufs notleidender Kredite bekanntgegeben, der 1.077 stark säumige Kredite mit einem gesamten ausstehenden Kapitalbetrag von 193 Millionen US-Dollar umfasst. Der Verkauf wurde in zwei Pools aufgeteilt: Pool 1 mit 335 Krediten (60,4 Mio. USD ausstehender Kapitalbetrag), der an Residential Credit Opportunities IX, LLC vergeben wurde, und Pool 2 mit 742 Krediten (132,8 Mio. USD ausstehender Kapitalbetrag), der an VRMTG ACQ, LLC ging. Der Abschluss der Transaktion ist für den 8. Juli 2025 geplant.
Beide Pools weisen ähnliche Merkmale auf, mit gewichteten durchschnittlichen BPO Loan-to-Value-Verhältnissen von 41 % und Nominalzinsen von etwa 4,4 %. Die Deckungsgebote lagen bei starken 103,79 % des ausstehenden Kapitals für Pool 1 und 104,36 % für Pool 2. Käufer müssen bestehende Verlustminderungsmaßnahmen respektieren und den säumigen Kreditnehmern verschiedene Optionen anbieten, bevor sie eine Zwangsvollstreckung einleiten.
- Strong cover bids above 103% of UPB indicate healthy market demand for non-performing loans
- Sale of $193M in non-performing loans helps improve Fannie Mae's balance sheet quality
- Protective measures for borrowers including mandatory loss mitigation options reduce foreclosure risks
- Large portfolio of 1,077 deeply delinquent loans indicates ongoing credit quality challenges
- Average loan-to-value ratio of 41% suggests potential losses on underlying properties
The loan pools awarded in this most recent transaction include:
- Pool 1: 335 loans with an aggregate UPB of
$60,434,423 $180,401 4.37% ; and weighted average broker's price opinion (BPO) loan-to-value ratio of41% . - Pool 2: 742 loans with an aggregate UPB of
$132,756,831 $178,912 4.42% ; and weighted average BPO loan-to-value ratio of41% .
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.
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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