Fannie Mae Sold Pool of Non-Performing Home Loans
A new investor will oversee 24 delinquent mortgages, but must offer loss mitigation options before starting foreclosure.
Updated on Sept. 30, 2026 in Residential
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Fannie Mae has announced the winning bid for its twenty-eighth Community Impact Pool, a collection of 24 non-performing residential loans. The portfolio represents $6,200,360 in total unpaid principal balance.
Why it matters
This transaction transfers the servicing rights for these delinquent loans to a new owner, which changes the entity responsible for managing the borrower relationship. The transfer requires the purchaser to follow specific consumer protection protocols.
The pool was sold at a cover bid of 94.0740% of the $6,200,360 unpaid principal balance. The transaction impacts 24 individual mortgage loans.
The players
Fannie Mae
A government-sponsored enterprise that provides liquidity to the mortgage market by purchasing and bundling loans.
VRMTG ACQ, LLC
The private investment firm that purchased the pool of non-performing loans.
BofA Securities, Inc.
The investment banking division of Bank of America that advised on and marketed the loan pool sale.
The details
VRMTG ACQ, LLC acquired the loan pool, which was marketed to investors by BofA Securities, Inc. As a condition of the purchase, the new owner is required to honor existing in-process loss mitigation efforts. Before any foreclosure action can be initiated, the investor must offer the delinquent borrowers a waterfall of loss mitigation alternatives to help them remain in their homes.
Timeline
August 19, 2026: The transaction was initially announced.
September 29, 2026: Fannie Mae announced the winning bidder for the pool.
November 19, 2026: The transaction is expected to close.
Money Landscape
This transaction follows the established framework for Fannie Mae's Community Impact Pool program, which mandates that purchasers prioritize loss mitigation over immediate foreclosure. The sale marks the twenty-eighth instance of this program being used to manage distressed mortgage assets.
If your loan is included in a sold pool, your new servicer is legally required to honor active loss mitigation efforts. You should contact a qualified housing counselor or financial professional if you receive notice that your mortgage has been transferred.
The takeaway
When mortgage debt is sold to a new investor, the consumer protections and loss mitigation requirements remain in effect. Borrowers facing delinquency should keep a record of all previous communications with their lender to ensure modifications carry over to the new servicer.
What happens next
The transaction is expected to close on November 19, 2026.
Further reading
For more on how mortgage servicers manage distressed accounts, see the Residential section.
Source note: This article includes information reported by Brattleboro Reformer.
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