Fannie Mae announced the results of its thirty-fourth reperforming loan sale transaction, involving a substantial portfolio of mortgages. The sale included 3,130 loans with a total unpaid principal balance (UPB) of $558,713,266.
Pacific Investment Management Company LLC was identified as the winning bidder for the single pool of loans offered in this transaction. This marks another successful disposition of assets from Fannie Mae's portfolio.
This sale is a key component of Fannie Mae's ongoing strategy to reduce its retained mortgage portfolio and manage credit risk effectively. The transaction is expected to close by April 23, 2025, contributing to the company's balance sheet optimization.
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