Group 1 - Fannie Mae announced the winning bidder for its thirty-fifth reperforming loan sale transaction is Pacific Investment Management Company LLC (PIMCO), involving 3,044 loans with a total unpaid principal balance (UPB) of $559,090,747 [1] - The average loan size in this transaction is $183,670, with a weighted average note rate of 3.71% and a weighted average broker's price opinion (BPO) loan-to-value ratio of 45% [1] - The transaction is expected to close by October 3, 2025, and was marketed with Citigroup Global Markets Inc. as advisor [1] Group 2 - Reperforming loans are defined as loans that have been or are currently delinquent but have reperformed for a period of time [2] - Buyers of reperforming loans are required to offer loss mitigation options to borrowers who may re-default within five years following the sale, including honoring any approved or in-process loss mitigation efforts [2] - Purchasers must provide a range of loss mitigation options, including loan modifications and potential principal forgiveness, before initiating foreclosure on any loan [2]

This sale of reperforming loans is being marketed in collaboration with Citigroup Global Markets, Inc. Bids are due on September 4, 2025. Reperforming loans are loans that have been or are currently delinquent but have reperformed for a period of time. The terms of Fannie Mae's reperforming loan sale require the buyer to offer loss mitigation options to any borrower who may re-default within five years following the closing of the reperforming loan sale. All purchasers are required to honor any approved or ...