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

CFPB to consider changing or eliminating TRID rule

The CFPB has been taking a long, hard look at some of its rules and regulations. Next up on its list to review is TRID, and it looks like eliminating the rule entirely is not off the table.

Nov 20, 2019 By

Latest Articles

Everyone’s building in Texas: Houston, DFW lap field in residential building permits

A recent study by Apartmentguide.com revealed that, as of July this year, the Houston and Dallas-Fort Worth metros were the top two metropolitan areas in the nation in terms of issuing the most residential building permits.

Nov 21, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please