Fannie Mae has sold a pool of 3,044 reperforming loans to PIMCO for $559,090,747, enhancing liquidity while providing loss mitigation options for borrowers.

Target Information

Fannie Mae, operating under the stock ticker FNMA on the OTCQB, has recently completed its thirty-fifth reperforming loan sale transaction, with Pacific Investment Management Company LLC (PIMCO) emerging as the successful bidder. This transaction, announced on August 12, 2025, encompasses a significant portfolio of 3,044 loans with a total unpaid principal balance (UPB) amounting to $559,090,747, and is expected to close by October 3, 2025. The marketing of this loan pool was conducted in collaboration with Citigroup Global Markets Inc. as the advising partner.

The selected loan pool contains numerous financial metrics that highlight its characteristics. These include an average loan size of $183,670, a weighted average note rate of 3.71%, and a weighted average broker's price opinion (BPO) loan-to-value ratio of 45%. This indicates a sound investment prospect for the buyer, particularly in terms of potential for recovery and return.

Industry Overview

The U.S. mortgage market, within which Fannie Mae operates, is currently experiencing evolving conditions influenced by economic fluctuations and regulatory changes. With a focus on reperforming loans, the market serves both borrowers who have previously def