Fannie Mae Sold Non-Performing Loan Pool
The mortgage giant awarded a pool of 24 delinquent loans to VRMTG ACQ, LLC in its latest community impact sale.
Updated on Sept. 30, 2026 in Residential
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Fannie Mae has announced VRMTG ACQ, LLC as the winning bidder for its twenty-eighth Community Impact Pool of non-performing loans. The transaction involves a portfolio of 24 loans with a total unpaid principal balance of $6,200,360.
Why it matters
These sales are structured to transition distressed debt into the hands of specialized buyers who must provide borrowers with loss mitigation alternatives before pursuing foreclosure. By mandating that purchasers honor existing mitigation efforts, the program aims to protect homeowners and stabilize local housing markets.
The loan pool, marketed by BofA Securities, Inc., contains 24 loans with an average size of $258,348. The portfolio carries a weighted average note rate of 4.26% and a weighted average loan-to-value ratio of 59%.
The players
Fannie Mae
The Federal National Mortgage Association is a government-sponsored enterprise that provides liquidity and stability to the U.S. housing market.
VRMTG ACQ, LLC
This entity is the winning bidder for the latest pool of non-performing loans sold by the mortgage agency.
BofA Securities, Inc.
This investment banking division acted as the marketing advisor for the sale of the loan pool.
The details
The pool of non-performing loans is centered in the Dallas-Ft. Worth area. As part of the acquisition agreement, the purchaser is legally required to honor ongoing loss mitigation processes and offer loan modification options to delinquent borrowers.
Timeline
August 19, 2026: The transaction was initially announced.
September 29, 2026: Fannie Mae officially announced the winning bidder.
November 19, 2026: The transaction is expected to close.
Roadmap
These asset sales represent a shift in how financial institutions manage distressed debt by offloading non-performing portfolios to private entities. This process allows the secondary mortgage market to shed risk while maintaining strict borrower-protection requirements mandated by federal oversight.
Homeowners within the affected loan pool should prepare to receive communications regarding their loan status as the new owner takes over. The requirement for loss mitigation ensures that borrowers maintain the right to negotiate modifications before the new owner can initiate foreclosure.
The takeaway
Distressed borrowers in these pools retain significant rights to modification options that are legally required to be honored by the new loan owners. Prospective buyers of similar portfolios must factor these mandatory mitigation costs and administrative requirements into their bidding strategy.
Further reading
For more on market trends, visit the United States Residential section.
Source note: This article includes information reported by Brattleboro Reformer.
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