Fannie Mae Sells $252M Non-Performing Loan Pool to TRF
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Washington – November 04, 2026 -- Fannie Mae has awarded a pool of 1,179 non-performing loans with an aggregate unpaid principal balance (UPB) of $252,413,010 to TRF Loan Acquisition, LP, in its twenty-ninth non-performing loan sale. The transaction, announced on October 8, 2026, is expected to close by December 15, 2026. BofA Securities, Inc. marketed the sale with Fannie Mae.
Pool averages $214,091 per loan at a 50% BPO loan-to-value ratio
The weighted average note rate on the pool is 4.56%. The weighted average loan-to-value ratio, based on broker's price opinions (BPO), is 50%.
Cover bid reaches 97.084% of UPB, or 48.44% of BPO
The cover bid, the second-highest offer for the pool, came in at 97.084% of UPB. Against BPO values, it equaled 48.44%. The source does not disclose the winning bid price.