Fannie Mae Sells 24 Loans in Dallas-Fort Worth Area

Fannie Mae announced on September 29, 2026, that VRMTG ACQ, LLC was the winning bidder for its twenty-eighth Community Impact Pool (CIP) of non-performing loans. The transaction, initially announced on August 19, 2026, included the sale of 24 loans with an aggregate unpaid principal balance (UPB) of $6,200,360. The pool is geographically located in the Dallas-Fort Worth area, with the sale expected to close on November 19, 2026.

The CIP was comprised of 24 loans, with an average loan size of $258,348. The pool featured a weighted average note rate of 4.26% and a weighted average loan-to-value ratio based on broker's price opinion (BPO) of 59%. While Fannie Mae did not disclose the exact winning bid percentage, the highest submitted bid was 94.0740% of the UPB.

Purchasers of Fannie Mae's non-performing loan pools are required to honor existing loss mitigation efforts. This includes any approved or in-process loan modifications, which may involve principal forgiveness. Buyers must also offer delinquent borrowers a sequence of loss mitigation options before initiating foreclosure, unless the property is vacant or condemned at the time of closing.

In cases where foreclosure cannot be avoided, the loan owner must prioritize marketing the property to owner-occupants and non-profit organizations, mirroring Fannie Mae's FirstLook® program. Information regarding future loan pools available for purchase can be found on Fannie Mae's capital markets website.