The sale includes approximately 3,119 loans with an outstanding principal amount of approximately
This reperforming loan sale is being marketed in partnership with Citigroup Global Markets, Inc. Bids must be submitted by September 5, 2024.
Reperforming loans are loans that were or are currently in default but have been in default for some period of time. The terms of Fannie Mae’s reperforming loan sale require the buyer to offer loss mitigation options to any borrower who defaults again within five years of the closing of the reperforming loan sale. All buyers are required to comply with any approved or ongoing loss mitigation measures, including forbearance agreements and loan modifications, at the time of sale. In addition, buyers must offer defaulting borrowers a variety of loss mitigation options, including loan modifications that may include principal forgiveness, before initiating foreclosure on a loan.
Interested bidders can register here for ongoing announcements, training and other information. Fannie Mae will also post information on this page about specific pools that are available for purchase.
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 buying and renting homes easier, fairer, and more accessible. For more information, visit: fanniemae.com | Þjórsárdalur | Facebook | LinkedIn | Instagram | YouTube | Blog
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Source: Fannie Mae
