Fannie Mae has released the details of its next sale of nonperforming loans, including the fourth "community impact" pool the government-sponsored enterprise has offered.
Two of the three pools offered have around 3,300 loans with $526 million in unpaid principal balance. The community impact pool has roughly 90 loans in the Miami area with $20 million in UPB.
Bids are due in July for the two larger pools and July 21 for the community impact pool. Bank of America Merrill Lynch and CastleOak Securities are serving as advisors on the sale.
