Curated News
By: NewsRamp Editorial Staff
August 17, 2025
Fannie Mae Awards 27th Community Impact Pool to Residential Credit Opportunities Trust X-C
TLDR
- Fannie Mae's latest CIP sale offers investors a chance to acquire non-performing loans in Florida, with a winning bid at 104.78% of UPB, presenting a unique investment opportunity.
- Fannie Mae's twenty-seventh CIP includes 26 Florida-focused loans, totaling $6.38M UPB, averaging $245,426 per loan, with a 4.13% weighted note rate, set to close by September 2025.
- This Fannie Mae initiative ensures purchasers offer loss mitigation options to borrowers, including loan modifications and principal forgiveness, aiming to reduce foreclosures and stabilize communities.
- Discover how Fannie Mae's CIP sales, like the latest with Residential Credit Opportunities Trust X-C, blend finance with social impact by safeguarding borrower rights and promoting housing stability.
Impact - Why it Matters
This news is significant as it highlights Fannie Mae's ongoing efforts to address non-performing loans through its Community Impact Pool program, ensuring that purchasers adhere to strict loss mitigation protocols to protect borrowers. This approach not only aids in stabilizing the housing market but also provides opportunities for distressed homeowners to retain their homes through modifications and principal forgiveness, reflecting a commitment to community impact and financial stability.
Summary
Fannie Mae has announced Residential Credit Opportunities Trust X-C as the winning bidder for its twenty-seventh Community Impact Pool (CIP) of non-performing loans, with the transaction set to close on September 19, 2025. This pool, focused in the Florida area, consists of 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%. The cover bid for the CIP was 104.78% of UPB. BofA Securities, Inc. and First Financial Network, Inc. served as advisors for the pool. Purchasers are mandated to honor existing loss mitigation efforts and offer delinquent borrowers a range of options, including loan modifications with possible principal forgiveness, before foreclosure. Interested parties can find more information and register for updates here.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, Fannie Mae Awards 27th Community Impact Pool to Residential Credit Opportunities Trust X-C
