Fannie Mae Completes 29th Non-Performing Loan Sale to TRF Loan Acquisition, LP
Fannie Mae (OTCQB: FNMA) has announced the results of its twenty-ninth non-performing loan sale transaction. The winning bidder for the pool is TRF Loan Acquisition, LP. The deal involves 1,179 loans with a total unpaid principal balance of approximately $252.4 million and an average loan size of $214,091. The transaction was marketed in collaboration with BofA Securities, Inc. and is expected to close by December 15, 2026. The pool features a weighted average note rate of 4.56% and a weighted average broker's price opinion (BPO) loan-to-value ratio of 50%. Under the terms of the sale, the purchaser is required to honor existing loss mitigation efforts and must offer delinquent borrowers various options, such as loan modifications, before initiating foreclosure proceedings. This ensures continuity in borrower assistance programs during the transfer of ownership.
Topics: Loan liquidation Mortgage servicing Non-performing loan sale
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