Fannie Mae Announces the Results of its Twenty-eighth Reperforming Loan Sale Transaction
The loan pools awarded in this most recent transaction include:
- Pool 1: 1,433 loans with an aggregate UPB of
$277,146,137 ; average loan size of$193,403 ; weighted average note rate of 3.65%; and weighted average broker's price opinion (BPO) loan-to-value ratio of 48%. - Pool 2: 1,863 loans with an aggregate UPB of
$358,187,845 ; average loan size of$192,264 ; weighted average note rate of 3.69 %; and weighted average broker's price opinion (BPO) loan-to-value ratio of 53%. - Pool 3: 3,709 loans with an aggregate UPB of
$714,905,308 ; average loan size of$192,749 ; weighted average note rate of 3.66%; and weighted BPO loan-to-value ratio of 52%. - Pool 4: 1,525 loans with an aggregate UPB of
$274,843,043 ; average loan size of$180,225 ; weighted average note rate of 3.78%; and weighted BPO loan-to-value ratio of 54%. - Pool 5: 1,562 loans with an aggregate UPB of
$275,891,708 ; average loan size of$176,627 ; weighted average note rate of 3.87%; and weighted BPO loan-to-value ratio of 52%.
The cover bids, which are the second highest bids per pool, were 86.01% of UPB (34.93% of BPO) for Pool 1, 83.50% of UPB (35.67% of BPO) for Pool 2, 79.58% of UPB (33.91% of BPO) for Pool 3, 79.55% of UPB (35.42% of BPO) for Pool 4, and 81.25% of UPB (35.26% of BPO) for Pool 5.
Reperforming loans are loans that have been or are currently delinquent but have reperformed for a period of time. The terms of
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