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Fannie Mae Announces Winner of its Latest Non-Performing Loan Sale


WASHINGTON, March 12, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its twenty-third non-performing loan sale transaction. The deal, announced on February 8, 2024, included the sale of 1,581 deeply delinquent loans totaling $235.8 million in unpaid principal balance (UPB), offered in one pool. The winning bidder of the pool for the transaction was VRMTG ACQ, LLC (VWH Capital Management, LP).  VWH Capital Management, LP is a Minority and Women-Owned Business ("MWOB"). The transaction is expected to close on April 25, 2024. The pools were marketed with BofA Securities, Inc. and First Financial Network, Inc. as advisors.

The loan pool awarded in this most recent transaction includes:

The cover bid, which is the second highest bid for the pool, was 101.06% of UPB (40.72% of BPO).

Bids are due on Fannie Mae's Community Impact Pool on March 19, 2024.

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:
fanniemae.com | Twitter | Facebook | LinkedIn | Instagram | YouTube | Blog

Fannie Mae Newsroom
https://www.fanniemae.com/news

Photo of Fannie Mae
https://www.fanniemae.com/resources/img/about-fm/fm-building.tif

Fannie Mae Resource Center
1-800-2FANNIE

SOURCE Fannie Mae


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