Fannie Mae has announced the results of its twenty-third reperforming loan sale transaction. The deal includes the sale of approximately 18,500 loans totaling $2.9 billion in unpaid principal balance (UPB), divided into five pools.
The winning bidders of the five pools for the transaction were Pacific Investment Management Company LLC (PIMCO) for Pools 1 and 2, JP Morgan Mortgage Acquisition Corp. (Chase) for Pool 3, MCLP Asset Company Inc. (Goldman Sachs) for Pool 4,