Washington – – September 29, 2026 -- Fannie Mae has completed the sale of its twenty-eighth Community Impact Pool (CIP) of non-performing loans, with VRMTG ACQ, LLC emerging as the winning bidder for a package of 24 loans carrying $6,200,360 in unpaid principal balance.
Dallas-Fort Worth pool draws cover bid at 94.07% of unpaid balance
The single pool, geographically concentrated in the Dallas-Fort Worth area, was originally announced on August 19, 2026, and is scheduled to close on November 19, 2026. The average loan size in the pool stood at $258,348, with a weighted average note rate of 4.26% and a weighted average broker's price opinion loan-to-value ratio of 59%. The cover bid -- the second-highest offer received -- came in at 94.0740% of UPB, equivalent to 55.22% of BPO value.
BofA Securities marketed the transaction as advisor
BofA Securities, Inc. handled marketing duties for the pool sale. Fannie Mae continues to require that purchasers of its non-performing loan pools honor any approved or in-process loss mitigation arrangements, including existing loan modifications, at the time of sale.
Buyers must exhaust loss mitigation before foreclosure
Purchasers are obligated to offer delinquent borrowers a full waterfall of loss mitigation options -- including modifications that may involve principal forgiveness -- before initiating foreclosure on any occupied, non-condemned property. Where foreclosure proves unavoidable, the loan owner must first market the property to owner-occupants and non-profit organizations, mirroring the approach used in Fannie Mae's FirstLook program.