Fannie Mae Announces the Results of its Thirty-third Reperforming Loan Sale Transaction
The loan pool awarded in this most recent transaction includes:
- Pool 1: 2,924 loans with an aggregate UPB of
$510,578,698 ; average loan size of$174,617 ; weighted average note rate of 3.82%; and weighted average broker's price opinion (BPO) loan-to-value ratio of 47%. - Pool 2: 3,311 loans with an aggregate UPB of
$524,573,434 ; average loan size of$158,434 ; weighted average note rate of 4.03%; and weighted average broker's price opinion (BPO) loan-to-value ratio of 48%. - Pool 3: 2,443 loans with an aggregate UPB of
$388,965,911 ; average loan size of$159,217 ; weighted average note rate of 3.96%; and weighted average broker's price opinion (BPO) loan-to-value ratio of 49%.
The cover bid, which is the second highest bid for the pool, was 83.55% of UPB (32.26% of BPO) for Pool 1, 84.375% of UPB (31.73% of BPO) for Pool 2, and 82.09% of UPB (31.98% of BPO) for Pool 3.
Reperforming loans are loans that have been or are currently delinquent but have reperformed for a period of time. The terms of
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