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

WASHINGTON, Nov. 21, 2023

The CIP awarded in this most recent transaction includes 61 loans with an aggregate UPB of $18,404,738; average loan size of $301,717; and weighted average note rate of 5.75%.

The cover bid, which was the second highest bid, for the CIP was 82.12% of UPB (30.89% of BPO).

All purchasers are required to honor any approved or in-process loss mitigation efforts at the time of sale, including forbearance arrangements and 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.

About Fannie Mae
Fannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America. We enable the 30-year fixed-rate mortgage and drive responsible innovation to make homebuying and renting easier, fairer, and more accessible. To learn more, visit:
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