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Fannie Mae discloses winning bidders for nonperforming loan sale

LSF9 Mortgage Holdings LLC and PRMF Acquisition LLC are the winningbidders of Fannie Mae'ssixth nonperforming loan sale.

The transaction included 9,300 loans totaling $1.5 billion inunpaid principal balance, divided among six pools. LSF9 Mortgage and PRMF Acquisitionwon three pools each. The transaction is expected to close Aug. 24.

One of the groups of loan pools has 4,537 loans with an aggregateunpaid principal balance of about $746.4 million. The average loan size on the poolwas $162,964. The weighted average note rate was 4.51%. The weighted average delinquencyof the loans was 34 months, with an average broker's price opinion loan-to-valueratio of 67%. The pool's cover bid price is 78.2% of unpaid principal balance.

The other group of loan pools has 4,721 loans with an aggregateunpaid principal balance of about $759.9 million. The average loan size was $160,148,and the weighted note rate was 5.24%. The weighted average delinquency of the loanswas 27 months with an average broker's price opinion loan-to-value ratio of 82%.The pool's cover bid price is 71.0% of unpaid principal balance.