trending Market Intelligence /marketintelligence/en/news-insights/trending/MTDAuZRVJ2IQ2DRQBz4ktw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Fannie Mae selling nonperforming loans

Blog

Banking Essentials Newsletter, January edition - part 2

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts


Fannie Mae selling nonperforming loans

Fannie Mae is selling six pools of nonperforming loans totaling about $1.42 billion in unpaid principal balance.

Four of the pools include about 7,900 loans totaling $1.29 billion in unpaid principal balance. Bids on these pools are due Nov. 2.

The other two of the groups of loans are Community Impact Pools, which are usually smaller, geographically focused pools meant to encourage participation by nonprofits and minority and women-owned businesses. The two pools offered in the sale hold about 700 loans totaling $129.6 million in unpaid principal balance. Bids on these pools are due Nov. 15.

The sale is being marketed with Bank of America Merrill Lynch and First Financial Network Inc. as advisers.