Company Announcements

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

WASHINGTON, June 29, 2021 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its seventeenth Community Impact Pool (CIP) of non-performing loans. The transaction is expected to close on August 20, 2021 and includes approximately 400 loans totaling $96.9 million in unpaid principal balance (UPB), geographically focused in the Miami, Florida area. The winning bidder was Great Ajax Operating Partnership, L.P. (Aspen), and the pools were marketed with BofA Securities, Inc. and First Financial Network, Inc. as advisors.

The loan pool awarded in this most recent transaction include:

  • CIP Pool: 400 loans with an aggregate UPB of $96,878,051; average loan size of $242,195; weighted average note rate of 4.05%; and weighted average broker's price opinion (BPO) loan-to-value ratio of 80%.

The cover bid, which is the second highest bid, for the CIP was 95.59% of UPB (62.70% of BPO).

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 helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of people in America. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. 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

Cision View original content:https://www.prnewswire.com/news-releases/fannie-mae-announces-winner-of-seventeenth-community-impact-pool-of-non-performing-loans-301322079.html

SOURCE Fannie Mae

image