Freddie Mac-No Politics (FMCC)

[navycmdr]

Fannie Mae Announces Winner of its Latest Non-Performing Loan Sale

May 9, 2024

WASHINGTON, DC – Fannie Mae (FNMA/OTCQB) today announced the results
of its twenty-fourth non-performing loan sale transaction. The deal, announced on
April 9, 2024, included the sale of 1,154 deeply delinquent loans totaling $214.2
million in unpaid principal balance (UPB), offered in one pool. The winning bidder
of the pool for the transaction was VRMTG ACQ, LLC (VWH Capital Management, LP).
VWH Capital Management, LP is a Minority and Women-Owned Business ("MWOB").
The transaction is expected to close on June 25, 2024. The pool was marketed with
BofA Securities, Inc. and First Financial Network, Inc. as advisors.

The loan pool awarded in this most recent transaction includes:

Pool 1: 1,154 loans with an aggregate UPB of $214,235,825; average loan size of
$185,646; weighted average note rate of 4.22%; and weighted average broker's price
opinion (BPO) loan-to-value ratio of 44%.
The cover bid, which is the second highest bid for the pool, was 98.28% of UPB
(43.03% of BPO).

Bids are due on Fannie Mae's Community Impact Pool on May 16, 2024.

All purchasers are required to honor any approved or in-process loss mitigation efforts
at the time of sale, including forbearance arrangements and loan modifications. In addition,
purchasers must offer delinquent borrowers a waterfall of loss mitigation options,
including loan modifications, which may include principal forgiveness, prior to initiating
foreclosure on any loan.

Interested bidders can register for ongoing announcements, training, and other information
here. Fannie Mae will also post information about specific pools available for purchase
on that page.

About Fannie Mae
Fannie Mae advances equitable and sustainable access to homeownership and quality,
affordable rental housing for millions of people across America. We enable the 30-year
fixed-rate mortgage and drive responsible innovation to make homebuying and renting
easier, fairer, and more accessible. To learn more, visit:
fanniemae.com | Twitter | Facebook | LinkedIn | Instagram | YouTube | Blog

Media Contact
Christopher Davis
202-752-7724

Fannie Mae Newsroom
https://www.fanniemae.com/news

Photo of Fannie Mae
https://www.fanniemae.com/resources/img/about-fm/fm-building.tif

Fannie Mae Resource Center
1-800-2FANNIE