Fannie Mae names winner of second Community Impact Pool of NPLs

New jersey community capital (NJCC), a nonprofit community development financial institution, is the winning bidder on Fannie Mae’s recent auction of a community impact pool of nonperforming loans (NPLs). NJCC – which was the winning bidder on the first community impact pool of NPLs auctioned by.

The cover bid, which is the second highest bid. View original content:http://www.prnewswire.com/news-releases/fannie-mae-announces-winner-of-fourteenth-community-impact-pool-of-non-performing-loans.

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WASHINGTON, March 28, 2017 /PRNewswire/ — Fannie Mae (OTC Bulletin board: fnma) today announced that New Jersey Community Capital, a non-profit community development financial institution, is the winning bidder of the company’s sixth Community Impact Pool of non-performing loans. The transaction is expected to close on May 23, 2017, and includes 158 loans secured by properties located in the.

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This sale includes two larger pools and a Community Impact Pool, which is a smaller geographically-focused, high occupancy pool. Fannie Mae is marketing the Community Impact Pool to encourage.

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The Troubled Asset Relief Program (TARP) is a program of the United States government to. The money received from sales and coupons will go back into the pool, held by Fannie Mae or Freddie Mac; during the Federal takeover of these two.. construction loan portfolio, nonperforming loans and other troubled assets.

Fannie Mae names winner of second Community Impact Pool of NPLs WASHINGTON, Oct. 30, 2018 /PRNewswire/ – Fannie mae (otc bulletin board: fnma) today announced the winning bidder for its fourteenth Community Impact Pool of non-performing loans. The transaction is expected to close on December 18, 2018 , and includes approximately 66 loans.