Fannie Mae announced the successful sale of its twenty-fifth non-performing loan transaction, which included 1,675 deeply delinquent loans. The total unpaid principal balance (UPB) for these loans amounted to $280.0 million.
VRMTG ACQ, LLC, operating under VWH Capital Management, LP, was identified as the winning bidder for the single pool of loans. VWH Capital Management, LP is recognized as a Minority and Women-Owned Business.
This transaction is a key part of Fannie Mae's ongoing strategy to reduce its retained mortgage portfolio and mitigate potential credit losses. The sale helps to clean up the company's balance sheet and supports its overall financial health, with the closing expected by November 15, 2024.
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