Washington – October 08, 2026 -- Fannie Mae has launched a new non-performing loan sale covering 1,217 deeply delinquent mortgages with a combined unpaid principal balance of $259.9 million, alongside its twenty-ninth Community Impact Pool (CIP) targeting the Dallas-Ft. Worth market.
Larger pool carries $259.9 million in unpaid balances across 1,217 loans
Fannie Mae (OTCQB: FNMA) is marketing the larger pool in collaboration with BofA Securities, Inc., with bids due October 27, 2026. Qualified bidders can also submit offers for the smaller CIP tranche, which comprises approximately 27 loans totaling $5.7 million in UPB, by November 3, 2026.
Dallas-Ft. Worth loans anchor the 29th Community Impact Pool
The CIP structure directs smaller, geographically concentrated loan pools toward specific markets -- in this case Dallas-Ft. Worth -- to support targeted local loss mitigation and neighborhood stabilization efforts.
Buyers must offer borrowers a loss mitigation waterfall before foreclosure
Transaction terms require purchasers to honor any loan modifications already approved or in process at closing. Buyers must also offer delinquent borrowers a sequence of loss mitigation options -- including modifications that may involve principal forgiveness -- before initiating foreclosure, unless the property is vacant or condemned.
Where foreclosure cannot be avoided, buyers must first market the property to owner-occupants and non-profits, mirroring the structure of Fannie Mae's FirstLook program.