FAQ: Fannie Mae's Twenty-Seventh Community Impact Pool of Non-Performing Loans

What is the Community Impact Pool (CIP) of non-performing loans?

The Community Impact Pool (CIP) is a collection of non-performing loans sold by Fannie Mae, aimed at investors, with specific requirements to support loss mitigation efforts for borrowers.

Who won the bid for the twenty-seventh CIP?

Residential Credit Opportunities Trust X-C was announced as the winning bidder for the twenty-seventh CIP.

When is the transaction expected to close?

The transaction is expected to close on September 19, 2025.

Where are the loans in this CIP geographically focused?

The loans are geographically focused in the Florida area.

What are the details of the loans in this CIP?

The CIP includes 26 loans with an aggregate unpaid principal balance of $6,381,078, an average loan size of $245,426, and a weighted average note rate of 4.13%.

What was the cover bid for the CIP?

The cover bid, which was the second highest bid, was 104.78% of UPB (40.38% of BPO).

What requirements must purchasers of the CIP loans adhere to?

Purchasers must honor any approved or in-process loss mitigation efforts at the time of sale and offer delinquent borrowers a waterfall of loss mitigation options, including loan modifications, before initiating foreclosure.

How can interested bidders get more information or register for future announcements?

Interested bidders can register for ongoing announcements, training, and other information on Fannie Mae’s capital markets website, where specific pools available for purchase are also posted.

Who were the advisors for this CIP transaction?

The pool was marketed with BofA Securities, Inc. and First Financial Network, Inc. as advisors.