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Fannie Mae Announces the Results of its Twentieth Reperforming Loan Sale Transaction

Fannie Mae Announces the Results of its Twentieth Reperforming Loan Sale Transaction News provided by Share this article Share this article WASHINGTON, May 11, 2021 /PRNewswire/  Fannie Mae (OTCQB: FNMA) today announced the results of its twentieth reperforming loan sale transaction. The deal, which was announced on April 8, 2021, included the sale of approximately 24,600 loans totaling $4.25 billion in unpaid principal balance (UPB), divided into five pools. The winning bidders of the five pools for the transaction were Pacific Investment Management Company LLC (PIMCO) for Pools 1, 2 and 3; J.P. Morgan Mortgage Acquisition Corp. (Chase) for Pool 4; and Great Ajax Operating Partnership, LP (Aspen) for Pool 5. The transaction is expected to close on June 18, 2021. The pools were marketed with Citigroup Global Markets Inc. as advisor.

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