Fannie Mae Announces Winner of Non-Performing Loan Sale Worth $203 Million
Fannie Mae has announced the winner of its latest non-performing loan sale, which includes 919 loans with an aggregate unpaid principal balance (UPB) of approximately $203 million. The winning bidder was Residential Credit Opportunities Trust IX-D, and the transaction is expected to close by November 4, 2026. BofA Securities Inc. served as advisor for this sale. The pool features a weighted average note rate of 4.31% and an average loan size of $221,222. The cover bid was set at 100.375% of UPB or 48.56% of BPO (broker's price opinion). Purchasers are required to honor existing loss mitigation efforts and offer borrowers a range of options before initiating foreclosure. This sale aligns with Fannie Mae’s ongoing strategy to reduce its portfolio of non-performing loans while ensuring responsible lending practices, including prioritizing owner-occupants in potential foreclosures.
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Topics: Fannie Mae loan sales non-performing loans