Fannie Mae Awards Twenty-Seventh Community Impact Pool of Non-Performing Loans to Residential Credit Opportunities Trust X-C

Fannie Mae has recently announced the winning bidder for its twenty-seventh Community Impact Pool (CIP) of non-performing loans, marking a significant step in addressing non-performing loans in the Florida area. The winning bidder, Residential Credit Opportunities Trust X-C, is set to close the transaction on September 19, 2025. This pool, consisting of 26 loans with an aggregate unpaid principal balance of $6,381,078, represents a focused effort to manage and mitigate the impact of non-performing loans on communities.

The transaction, advised by BofA Securities, Inc. and First Financial Network, Inc., underscores the importance of strategic partnerships in addressing the challenges posed by non-performing loans. The average loan size within the pool is $245,426, with a weighted average note rate of 4.13%. The cover bid for the CIP was notably high at 104.78% of the unpaid principal balance, indicating strong interest and confidence in the value of these assets.

Key to this transaction is the requirement for purchasers to honor any approved or in-process loss mitigation efforts at the time of sale, including loan modifications. This stipulation ensures that borrowers facing financial difficulties are given a fair chance to recover, with purchasers mandated to offer a range of loss mitigation options before initiating foreclosure. Such measures highlight Fannie Mae's commitment to supporting homeowners and stabilizing communities affected by non-performing loans.

For those interested in participating in future transactions, Fannie Mae provides resources and information here, including details on specific pools available for purchase. This initiative not only facilitates the efficient management of non-performing loans but also plays a crucial role in preventing foreclosures and promoting housing stability.