Fannie Mae selects buyer for $203 million non-performing loan pool

Fannie Mae has announced the results of its twenty-eighth non-performing loan sale, naming Residential Credit Opportunities Trust IX-D as the winning bidder for a pool of 919 loans. The pool consists of approximately $203.3 million in unpaid principal balance.

The transaction, advised by BofA Securities, is expected to close by November 4, 2026. The loan pool features an average loan size of $221,222, a weighted-average note rate of 4.31%, and a weighted-average broker price opinion loan-to-value ratio of 48%.

Under the terms of the sale, the purchaser is required to maintain specific borrower protections. This includes honoring all approved or in-process loss-mitigation efforts, such as loan modifications, at the time of sale. For loans not secured by vacant or condemned properties, the buyer must offer delinquent borrowers a series of loss-mitigation options, including potential principal forgiveness, before initiating foreclosure proceedings.