Fannie Mae Announces the Results of its Thirty-first Reperforming Loan Sale Transaction
The loan pool awarded in this most recent transaction includes:
- Pool 1: 2,959 loans with an aggregate UPB of
$667,197,001 ; average loan size of$225,481 weighted average note rate of 3.204%; and weighted average broker's price opinion (BPO) loan-to-value ratio of 48%. - Pool 2: 2,197 loans with an aggregate UPB of
$498,589,899 ; average loan size of$226,941 weighted average note rate of 3.208%; and weighted average broker's price opinion (BPO) loan-to-value ratio of 49%. - Pool 3: 1,328 loans with an aggregate UPB of
$299,535,261 ; average loan size of$225,554 weighted average note rate of 3.201%; and weighted average broker's price opinion (BPO) loan-to-value ratio of 49%.
The cover bid, which is the second highest bid for the pool, was 78.554% of UPB (32.30% of BPO) for Pool 1, 78.640% of UPB (32.70% of BPO) for Pool 2 and 78.870% of UPB (32.72% of BPO) for Pool 3.
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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