Fannie Mae filed an 8-K press release on November 10, 2026, disclosing the results of its twenty-ninth Community Impact Pool sale of non-performing loans, with VRMTG ACQ, LLC named as the winning bidder.

Key Highlights

  • Winning bidder: VRMTG ACQ, LLC was selected as the winning bidder for the twenty-ninth Community Impact Pool (CIP).
  • Pool size: The CIP included 27 loans with an aggregate unpaid principal balance of $5,725,205 and an average loan size of $212,045.
  • Loan metrics: The pool carried a weighted average note rate of 4.82% and a weighted average broker's price opinion loan-to-value ratio of 57%.
  • Cover bid: The second highest bid for the pool was 93.75% of UPB (54.01% of BPO), according to the filing.
  • Expected closing: The transaction is expected to close on December 15, 2026.
  • Marketing partner: Fannie Mae marketed the sale in collaboration with BofA Securities, Inc.

Fannie Mae's Twenty-Ninth Community Impact Pool: Sale Details and Borrower Protections

Fannie Mae (OTCQB:FNMA) announced on November 10, 2026, the results of its twenty-ninth Community Impact Pool transaction, which was originally announced on October 8, 2026. According to the filing, the winning bidder was VRMTG ACQ, LLC, and the transaction is expected to close on December 15, 2026. The company disclosed that BofA Securities, Inc. collaborated with Fannie Mae in marketing the sale.

The filing detailed the pool's composition: 27 non-performing loans with an aggregate unpaid principal balance of $5,725,205, an average loan size of $212,045, a weighted average note rate of 4.82%, and a weighted average broker's price opinion loan-to-value ratio of 57%. Fannie Mae also disclosed that the cover bid, defined as the second highest bid for the pool, was 93.75% of UPB, equivalent to 54.01% of BPO.

The filing outlined required borrower protections for the purchaser. According to Fannie Mae, all purchasers must honor any approved or in-process loss mitigation efforts at the time of sale, including loan modifications. Purchasers are also required to offer delinquent borrowers a waterfall of loss mitigation options, which may include principal forgiveness, before initiating foreclosure on any loan not secured by vacant or condemned property. If foreclosure cannot be prevented, the filing states that the loan owner must market the property to owner-occupants and non-profits first, consistent with Fannie Mae's FirstLook program.

What Was Disclosed

Fannie Mae disclosed the winning bidder, pool composition, key loan metrics, the cover bid level, an expected closing date of December 15, 2026, and borrower protection requirements applicable to the purchaser of the twenty-ninth Community Impact Pool.