Mortgage

Fannie Mae announces winner of 9th reperforming loan sale

DLJ Mortgage Capital wins another sale

Fannie Mae announced Wednesday that a subsidiary of Credit Suisse is the winner of its ninth reperforming loan sale.

The winner of the sale for the five pools of loans was DLJ Mortgage Capital, which has previously won bids in other Fannie Mae reperforming loan sales. Earlier this year, it won a transaction made up of about 26,900 loans totaling about $6.14 billion in unpaid principal balance. Last year, the company won several transactions, including $1.62 billion in reperforming loans in April and $2.99 billion in reperforming loans in June.

The $4.97 billion in unpaid principal balance was divided into five separate pools. Here’s what made up each one:

  • Group 1 Pool: 3,709 loans with an aggregate unpaid principal balance of $767,067,973; average loan size $206,813; weighted average note rate 3.60%; weighted average broker's price opinion (BPO) loan-to-value ratio of 91%.
  • Group 2 Pool: 4,500 loans with an aggregate unpaid principal balance of $640,055,387; average loan size $142,235; weighted average note rate 4.17%; weighted average BPO loan-to-value ratio of 74%.
  • Group 3 Pool: 6,779 loans with an aggregate unpaid principal balance of $1,910,000,674; average loan size $281,753; weighted average note rate 3.40%; weighted average BPO loan-to-value ratio of 90%.
  • Group 4 Pool: 3,145 loans with an aggregate unpaid principal balance of $550,676,681; average loan size $175,096; weighted average note rate 4.15%; weighted average BPO loan-to-value ratio of 79%.
  • Group 5 Pool: 6,291 loans with an aggregate unpaid principal balance of $1,097,775,237; average loan size $174,499; weighted average note rate 4.14%; weighted average BPO loan-to-value ratio of 79%.

Most Popular Articles

FHA, VA join Fannie, Freddie in relaxing some standards

With the coronavirus continuing to reshape the face of the country and the economy, the biggest players in the mortgage business are moving to try to make it easier to lend. Last week, it was Fannie and Freddie. Now, it’s the FHA and VA’s turn.

Mar 30, 2020 By

Latest Articles

Housing industry experts look for glimmers of hope in dismal jobs report

The loss of 701,000 jobs in the early part of March was dramatic, but industry economists and leaders are hopeful the mortgage space and residential construction activity will weather this new storm.

Apr 03, 2020 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please