Fannie Mae Announces Winner of Twenty-Fourth Community Impact Pool of Non-Performing Loans

WASHINGTON, May 23, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the winning bidder for its twenty-fourth Community Impact Pool (CIP) of non-performing loans. The transaction is expected to close on July 24, 2024, and includes 51 deeply delinquent loans totaling $14.3 million in unpaid principal balance (UPB). The loans are geographically focused in the New York area, and the winning bidder was GITSIT Solutions, LLC (Tourmalet). The pool was marketed with BofA Securities, Inc. and First Fin ...