Fannie Mae (OTCQB: FNMA) today announced its latest sale of non-performing loans as part of the company's ongoing effort to reduce the size of its retained mortgage portfolio, including the company's seventeenth Community Impact Pool (CIP). CIPs are typically smaller pools of loans that are geographically focused and marketed to encourage participation by non-profit organizations, minority- and women-owned businesses (MWOBs), and smaller investors.
Fannie Mae (OTCQB: FNMA) today announced the results of its twentieth reperforming loan sale transaction. The deal, which was announced on April 8, 2021, included the sale of approximately 24,600 loans totaling $4.25 billion in unpaid principal balance (UPB), divided into five pools. The winning bidders of the five pools for the transaction were Pacific Investment Management Company LLC (PIMCO) for Pools 1, 2 and 3; J.P. Morgan Mortgage Acquisition Corp. (Chase) for Pool 4; and Great Ajax Operating Partnership, LP (Aspen) for Pool 5. The transaction is expected to close on June 18, 2021. The pools were marketed with Citigroup Global Markets Inc. as advisor.
When Terrance Leonard first started seriously investing in the cryptocurrency space in 2019, his original goal was to achieve financial independence. The long-term plan was to invest enough in crypto that he could cash out of some of those investments, purchase real-estate assets and rent those out to earn additional income. Leonard, who works as a software engineer in Washington, D.C., already owned a row-home.