Federal National Mortgage AssociationOTC: FNMA

Fannie Mae Announces Sale of Non-Performing Loans

· Issued by Federal National Mortgage Association via PR Newswire

Summary by 6ix AI

On October 8, 2026, Fannie Mae offered qualified bidders a pool of approximately 1,217 deeply delinquent loans totaling $259.9 million in unpaid principal balance, and its twenty-ninth Community Impact Pool, a smaller pool of approximately 27 loans in the Dallas-Ft. Worth area totaling $5.7 million in unpaid principal balance.

Key details

  • Unpaid principal balance is the loan principal borrowers still owe. Non-performing loans are loans where borrowers have fallen well behind on payments.
  • Fannie Mae is marketing the sale with BofA Securities, Inc.
  • Buyers must offer loss mitigation options, meaning options for struggling borrowers such as loan modifications, and must honor any approved or in-process loss mitigation efforts at closing.
  • Before starting foreclosure on any loan not secured by property that is vacant or condemned at the time of closing, buyers must offer delinquent borrowers a series of loss mitigation options, which may include principal forgiveness.
  • If foreclosure cannot be prevented, the loan owner must market the property to owner-occupants and non-profits first, similar to Fannie Mae's FirstLook program.

What’s still pending

  • Bids on the larger pool are due by October 27, 2026.
  • Bids on the Community Impact Pool are due by November 3, 2026.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/fannie-mae-announces-sale-of-non-performing-loans

Fannie Mae Announces Sale of Non-Performing Loans Fannie Mae Announces Sale of Non-Performing Loans

WASHINGTON, Oct. 8, 2026 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced its latest sale of non-performing loans, including the company's twenty-ninth Community Impact Pool (CIP).

The larger pool includes approximately 1,217 deeply delinquent loans totaling $259.9 million in unpaid principal balance (UPB). The CIP includes approximately 27 loans totaling $5.7 million in UPB and consists of loans located in the Dallas-Ft. Worth area. All pools are available for purchase by qualified bidders. Fannie Mae is marketing this sale in collaboration with BofA Securities, Inc.

Bids are due on the larger pool by October 27, 2026, and on the CIP by November 3, 2026.

Terms of Fannie Mae's non-performing loan transactions require the buyer of the non-performing loans to offer loss mitigation options designed to be sustainable for borrowers. All buyers of non-performing loans are required to honor any approved or in-process loss mitigation efforts at the time of closing, including loan modifications. In addition, non-performing loan buyers 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 are invited to register for future 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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SOURCE Fannie Mae

View original source (PR Newswire)Federal National Mortgage Association on 6ix

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