Fannie Mae announced today Lone Star Funds, or more specifically, LSF9 Mortgage Holdings and PRMF Acquisition LLC, or Neuberger Berman, as the winning bidders for its sixth non-performing loans sale which is expected to close on August 24, 2016.

The purchase is the latest in string of NPL purchases by LSF9 Mortgage Holdings.

It’s most recent purchase was just a few weeks ago in June, the company bought $516.6 million in unpaid principal balance from Freddie Mac.

In March, LSF9 Mortgage Holdings was the winning bidder for three NPL pools from Freddie Mac, which carried a cumulative unpaid principal balance of $822.6 million.

In September of last year, LSF9 Mortgage Holdings also purchased three pools on NPLs from Freddie Mac that carried the exact same unpaid principal balance –$822.6 million.

In May 2015, Freddie Mac sold 1,052 deeply delinquent Ocwen-serviced non-performing loans with an aggregate unpaid principal balance of $201 million to LSF9 Mortgage Holdings.

In August 2015, the trust also purchased two pools of non-performing loans from Fannie Mae, which included approximately 3,900 loans totaling $765 million in unpaid principal balance.

This sale included about 9,300 loans totaling $1.5 billion in unpaid principal balance, and was divided into six pools. Three pools will go to each of the winning bidders.

The loan pools awarded in this most recent transaction include:

Group one pool: 4,537 loans with an aggregate unpaid principal balance of $746,438,433; average loan size $162,964; weighted average note rate 4.51%; weighted average delinquency 34 months; weighted average broker's price opinion loan-to-value ratio of 67%.

Group two pool: 4,721 loans with an aggregate unpaid principal balance of $759,860,824; average loan size $160,148; weighted average note rate 5.24%; weighted average delinquency 27 months; weighted average broker's price opinion loan-to-value ratio of 82%.

The cover bid price for group one is 78.2% of UPB and for group two is 71% UPB.

In April, the Federal Housing Finance Agency announced additional requirements for sales of non-performing loans by Fannie Mae and Freddie Mac. These requirements encourage sustainable modifications that have the potential to provide more borrowers the opportunity for home retention by requiring evaluation of underwater borrowers for modifications that may include principal and/or arrearage forgiveness. They also forbid “walking away” from vacant homes and establish more specific proprietary loan modification standards.

In collaboration with Bank of America Merrill Lynch and CastleOak Securities, Fannie Mae began marketing these loans to potential bidders on June 16, 2016. Separately, bids are due on Fannie Mae’s fourth Community Impact Pool on July 21, 2016, which is also part of the offering.