Fannie Mae announced the results of its thirty-third reperforming loan sale transaction, involving a substantial portfolio of mortgages. The sale included 8,678 loans with a total unpaid principal balance (UPB) of $1,424,118,043.
The loans were offered in three distinct pools, with Pacific Investment Management Company LLC securing Pool 1 and Pool 2. JP Morgan Mortgage Acquisitions Corp was the winning bidder for Pool 3.
This transaction is a key component of Fannie Mae's ongoing efforts to reduce the size of its retained mortgage portfolio and manage credit risk. The sale is expected to close by December 20, 2024, contributing to the company's balance sheet optimization.
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