Fannie Mae’s outcomes of its twenty-fourth reperforming mortgage sale transaction included the sale of seven,970 loans totaling $1.3 billion in unpaid principal stability (UPB), divided into three swimming pools. The successful bidders of the three swimming pools for the transaction had been Pacific Funding Administration Co. LLC (PIMCO) for Swimming pools 1 and a pair of, and MCLP Asset Firm Inc. (Goldman Sachs) for Pool 3, every awarded individually. The transaction is anticipated to shut on April 18, 2022. The swimming pools had been marketed with Citigroup International Markets Inc. as advisor.
Pool 1 consists of 2,698 loans with an mixture UPB of $414,932,397; common mortgage dimension of $153,793; weighted common notice charge of 4%; and weighted common dealer’s value opinion (BPO) loan-to-value ratio of 51%.
Pool 2 has 3,460 loans with an mixture UPB of $617,353,072; common mortgage dimension of $178,426; weighted common notice charge of 4.05%; and weighted BPO loan-to-value ratio of 56%.
Pool 3 consists of 1,812 loans with an mixture UPB of $275,231,825; common mortgage dimension of $151,894; weighted common notice charge of 4.18%; and weighted BPO loan-to-value ratio of 55%.
The quilt bids, that are the second highest bids per pool, had been 100.08% of UPB (40.26 of BPO) for Pool 1, 99.05% of UPB (44.54% of BPO) for Pool 2 and 96.31% of UPB (42.49% of BPO) for Pool 3.
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