Fannie Mae has released the details of its next nonperforming loan sale, which will include its fifth "community impact" pool.
The four larger pools include 6,900 loans with $1.08 billion in unpaid principal balance, Fannie Mae said Wednesday. Bids on this pool are due Aug. 30.
The community impact pool includes 120 loans with $20.7 million in unpaid principal balance. The pool's loans are located in the Miami area. The community impact pool is being marketed to smaller investors, nonprofit organizations and minority- and women-owned businesses.
The most recent
Wells Fargo Securities and The Williams Capital Group served as advisers for the sale.
