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Fannie Mae Announces Winners of its Latest Non-Performing Loan Sale
WASHINGTON, Aug. 5, 2025
WASHINGTON, Aug. 5, 2025 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its twenty-seventh non-performing loan sale transaction. The deal, announced on July 8, 2025, included the sale of 1,304 deeply delinquent loans totaling $285 million in unpaid principal balance (UPB), offered in two pools. The winning bidder for Pool 1 was Residential Credit Opportunities Trust X-C, and for Pool 2 was RCF II Loan Acquisition, LP. The transaction is expected to close on September 19, 2025. The deal was marketed with BofA Securities, Inc. as advisor.
The loan pools awarded in this most recent transaction include:
- Pool 1: 332 loans with an aggregate UPB of $73,092,445; average loan size of $220,158; weighted average note rate of 4.45%; and weighted average broker's price opinion (BPO) loan-to-value ratio of 49%.
- Pool 2: 972 loans with an aggregate UPB of $211,965,249; average loan size of $218,071; weighted average note rate of 4.39%; and weighted average BPO loan-to-value ratio of 50%.
The cover bid, which is the second highest bid for the pool, was 99.66% of UPB (48.51% of BPO) for Pool 1 and 99.82% of UPB (50.16% of BPO) for Pool 2.
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 before offering it to investors, 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
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