Fannie Mae Announces Winner of its Latest Non-Performing Loan Sale
WASHINGTON, Nov. 4, 2026 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its twenty-ninth non-performing loan sale transaction, announced on October 8, 2026. The winning bidder was TRF Loan Acquisition, LP. The transaction is expected to close by December 15, 2026. Fannie Mae marketed this sale in collaboration with BofA Securities, Inc.
- The pool awarded in this most recent transaction includes 1,179 loans with an aggregate unpaid principal balance (UPB) of $252,413,010; average loan size of $214,091; weighted average note rate of 4.56%; and weighted average broker's price opinion (BPO) loan-to-value ratio of 50%.
The cover bid, which is the second highest bid for the pool, was 97.084% of UPB (48.44% of BPO).
All purchasers are required to honor any approved or in-process loss mitigation efforts at the time of sale, including 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, not secured by property which is vacant or condemned at the time of closing. In the event a foreclosure cannot be prevented, the owner of the loan must market the property to owner-occupants and non-profits first, similar to Fannie Mae's FirstLook® program.
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.
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AlphAI analysis
Written by AlphAI from the release above, not by the issuer or PR Newswire. Informational, not investment advice.
The 30-second read
Why it matters
The disclosed sale size and terms provide fresh data on FNMA's asset‑management strategy.
Market read
First public disclosure of FNMA's latest non‑performing loan sale; modest relevance for mortgage‑finance investors.
What to watch
Details on the pricing of the loans and buyer composition are not disclosed.
Background
Fannie Mae, a government‑sponsored enterprise, regularly sells pools of non‑performing loans to manage its balance sheet.
Ticker impact
Fannie Mae announced the results of its 29th non‑performing loan sale, 1,179 loans with $252.4M unpaid principal balance.
likely modest downside pressure as investors price in loan‑quality risk
Primary disclosure of a sizable loan‑sale transaction; market typically reacts negatively to non‑performing loan disposals.
Market effects
May affect broader mortgage‑backed securities market by highlighting non‑performing loan volumes.
Limited to U.S. mortgage finance sector.
Low global impact.
Counterpoint
The sale could be seen as a proactive cleanup, potentially supporting longer‑term credit quality.
Key entities
- companyFannie Mae
Government‑sponsored enterprise issuing the loan sale.
- companyTRF Loan Acquisition, LP
Winning bidder for the loan pool.