Fannie Mae names winner of second Community Impact Pool of NPLs

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New Jersey Community Capital (NJCC), a nonprofit community development financial institution, is the winning bidder on Fannie Mae’s recent auction of a community impact pool of nonperforming loans (NPLs). NJCC – which was the winning bidder on the first community impact pool of NPLs auctioned by.

WASHINGTON, Oct. 30, 2018 /PRNewswire/ — Fannie Mae (OTC Bulletin Board: fnma) today announced the winning bidder for its fourteenth Community Impact Pool of non-performing loans. The transaction is expected to close on December 18, 2018, and includes approximately 66 loans totaling $22.9 million.

Fannie Mae announced its intention to auction three pools of residential single-family non-performing loans (NPLs), the GSE’s second-ever bulk NPL sale.. This sale includes two larger pools and a Community Impact Pool, which is a smaller geographically-focused, high occupancy pool. Fannie Mae is marketing the Community Impact Pool to encourage bidding by nonprofits and minority- and women.

Cyprus: Non-Performing Loans - Setting the Scene Fannie Mae is selling its. This sale of NPLs is being marketed in collaboration with Bank of America Merrill Lynch and First Financial Network, Inc. We are pleased to be offering our second.

Fannie Mae Announces Winner of Thirteenth Community Impact Pool of Non-Performing Loans Alicia Jones 202-752-5716. WASHINGTON, DC – fannie mae (fnma/OTC) today announced the winning bidder for its thirteenth Community Impact Pool of non-performing loans.

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WASHINGTON, June 25, 2019 /PRNewswire/ — Fannie Mae (FNMA) today announced the winning bidder for its fifteenth Community Impact Pool of non-performing loans. The transaction is expected to close.

Fannie Mae names winner of second Community Impact Pool of NPLs.. These two batches represent Fannie’s seventh and eighth community pool sales.The practices surrounding the government’s sales of deeply delinquent, non-performing loans (NPLs) have drawn considerable controversy in the last.

VRMTG ACQ (VWH Capital Management, LP), a minority woman owned business, is the winning bidder on a pool of 667 non-performing loans (NPLs) with unpaid principal balance (UPB) totaling $129.23 million recently auctioned by Fannie Mae. The pool of loans, which is geographically focused in New Jersey, New York, Maryland, Illinois and Florida, has an [.]

DS News sat down with New Jersey Community Capital, winner of four out of five Fannie Mae Community Impact Pool Offerings, to discuss the reasoning behind their purchases and the change in the.

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