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]

Core Viewpoint - Fannie Mae is actively marketing a sale of reperforming loans to reduce its retained mortgage portfolio, consisting of approximately 3,058 loans with an unpaid principal balance of about $560.5 million [1]. Group 1: Sale Details - The sale of reperforming loans is being conducted in collaboration with Citigroup Global Markets, Inc., with bids due by September 4, 2025 [2]. - The loans being sold are classified as reperforming, meaning they have been or are currently delinquent but have shown a period of reperformance [3]. Group 2: Buyer Obligations - Buyers of the reperforming loans must provide loss mitigation options to borrowers who may re-default within five years of the sale's closing [3]. - All purchasers are required to honor any approved or in-process loss mitigation efforts at the time of sale, including loan modifications [3]. - Purchasers must offer a range of loss mitigation options, including loan modifications that may involve principal forgiveness, before initiating foreclosure on any loan [3].