Inventory
info icon
Single family homes on the market. Updated weekly.Powered by Altos Research
735,718-296
30-yr Fixed Rate30-yr Fixed
info icon
30-Yr. Fixed Conforming. Updated hourly during market hours.
6.94%0.02
InvestmentsMortgage

Fannie Mae announces latest NPL sale winners

Reduces portfolio by $581.1 million

Fannie Mae announced it reduced its seriously delinquent portfolio with its latest sale of $581.1 million in non-performing loans.

Its tenth non-performing loan sale totaled about 3,400 loans of $581.1 in unpaid principal balance divided among three pools. MTGLQ Investors, Goldman Sachs, won the first pool, Igloos Series III Trust, Balbec Capital, won the second pool and Rushmore Loan Management Services took the third pool. The transaction is expected to close on July 26, 2017.

Fannie Mae first began marketing the sale on May 10 in collaboration with Wells Fargo Securities and The Williams Capital Group.

Here are the details for each pool in the transaction:

Group 1 Pool: 808 loans with an aggregate unpaid principal balance of $127,716,108; average loan size $158,064; weighted average note rate 5.03%; weighted average delinquency 38 months; weighted average broker's price opinion loan-to-value ratio of 86.84%.

Group 2 Pool: 681 loans with an aggregate unpaid principal balance of $115,802,447; average loan size $170,048; weighted average note rate 4.80%; weighted average delinquency 28 months; weighted average broker's price opinion loan-to-value ratio of 81.03%.

Group 3 Pool: 1,929 loans with an aggregate unpaid principal balance of $337,667,876; average loan size $175,048; weighted average note rate 4.87%; weighted average delinquency 30 months; weighted average broker's price opinion loan-to-value ratio of 88.02%.

The companies bid 80.24% of the unpaid principle balance of the first pool, 85.01% in UPB for the second pool and 77.63% in UPB for the third pool.

Bids are due on Fannie Mae’s seventh and eighth Community Impact Pools on June 14, 2017.

Most Popular Articles

Latest Articles

Lower mortgage rates attracting more homebuyers 

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please