Fannie Mae Awards Non-Performing Loans to Residential Credit Opportunities Trust X-C, Emphasizing Homeowner Support

Fannie Mae has designated Residential Credit Opportunities Trust X-C as the winning bidder for its twenty-seventh Community Impact Pool (CIP) of non-performing loans, with the transaction scheduled to conclude on September 19, 2025. This pool, primarily focused in the Florida region, includes 26 loans totaling an unpaid principal balance (UPB) of $6,381,078, featuring an average loan size of $245,426 and a weighted average note rate of 4.13%. The cover bid, ranking as the second highest, was recorded at 104.78% of UPB (40.38% of BPO).

The announcement is significant due to the rigorous obligations imposed on purchasers to continue any approved or ongoing loss mitigation efforts at the sale's closure, including loan modifications. Additionally, purchasers are required to present delinquent borrowers with various loss mitigation alternatives, such as loan modifications that may involve principal forgiveness, prior to commencing foreclosure on any loan. This strategy highlights Fannie Mae's dedication to preventing foreclosures and aiding homeowners in financial distress.

For individuals and entities interested in future bidding opportunities, Fannie Mae advises registering for updates, training, and relevant information via their official website. The site will also feature details on specific pools available for purchase, offering a clear and open channel for potential bidders to participate in Fannie Mae's programs. This recent transaction not only showcases the continuous efforts to manage non-performing loans but also emphasizes the critical role of community impact and homeowner assistance within the financial industry.