28
Journal
GSEs RELEASE
SECONDARY
MARKET
UPDATES
Fannie Mae has announced the results
of its fifteenth reperforming loan sale
transaction. e deal included the sale of
approximately 12,700 loans, totaling $1.8
billion in unpaid principal balance (UPB),
divided into three pools. e winning bidders
of the three pools for the transaction were
Towd Point Master Funding LLC (Cerberus)
for Pools 1 and 2 and Goldman Sachs
Mortgage Company (Goldman Sachs) for
Pool 3. e transaction is expected to close on
April 24, 2020. e pools were marketed with
Citigroup Global Markets Inc. as advisor.
e loan pools awarded in this most
recent transaction include:
» Group 1 Pool: 2,280 loans with an
aggregate unpaid principal balance of
$450,761,782; average loan size $197,703;
weighted average note rate 3.407%;
weighted average broker's price opinion
(BPO) loan-to-value ratio of 65%.
» Group 2 Pool: 7,021 loans with an
aggregate unpaid principal balance of
$898,440,711; average loan size $127,965;
weighted average note rate 4.492%;
weighted BPO loan-to-value ratio of 63%.
» Group 3 Pool: 3,384 loans with an
aggregate unpaid principal balance of
$443,517,633; average loan size $131,063;
weighted average note rate 4.486%;
weighted BPO loan-to-value ratio of 65%.
Additionally, Ginnie Mae announced that
issuance of its mortgage-backed securities
(MBS) totaled $52.64 billion in February,
providing financing for more than 210,000
homeowners and renters.
A breakdown of February issuance
includes $50.21 billion of Ginnie Mae II
MBS and $2.43 billion of Ginnie Mae I
MBS, which includes $1.46 billion of loans
for multifamily housing.
Ginnie Mae's total outstanding principal
balance of $2.137 trillion is an increase from
$2.056 trillion in February 2019.
