Fannie Mae Announces Sale of Non-Performing Loans
Fannie Mae (OTCQB: FNMA) has announced the sale of non-performing loans, including its twenty-ninth Community Impact Pool. The larger pool consists of approximately 1,217 deeply delinquent loans with an unpaid principal balance totaling $259.9 million. A separate CIP includes about 27 loans worth $5.7 million in UPB and is located in the Dallas-Ft. Worth area. The sale will be conducted through qualified bidders, with BofA Securities Inc. assisting Fannie Mae as a marketing partner. The deadline for bids on the larger pool is October 27, 2026, while CIP bids are due by November 3, 2026. Terms require buyers to offer sustainable loss mitigation options and honor any ongoing efforts at closing. Buyers must also provide a range of loan modification options before initiating foreclosure on vacant or condemned properties. In the event of an unavoidable foreclosure, property owners must prioritize marketing homes to owner-occupants and non-profits first.
Tickers: $FNMA
Topics: Fannie Mae loan sales non-performing loans