# Fannie Mae Sells Non-Performing Loans

Fannie Mae has announced the winners of its twenty-eighth non-performing loan sale, involving 919 loans with a total unpaid principal balance of approximately **$203.3 million**. The winning bidder is Residential Credit Opportunities Trust IX-D, with the transaction expected to close by November 4, 2026. BofA Securities, Inc. served as the advisor for this sale. The sale includes specific borrower loss mitigation requirements that purchasers must adhere to, reflecting Fannie Mae's ongoing efforts to manage distressed assets while protecting borrower interests.

- **Why this matters:** This sale represents a significant opportunity for financial and asset management firms specializing in distressed loan portfolios.
- Procurement professionals should note the inclusion of borrower loss mitigation requirements, which may affect servicing and compliance obligations.
- The expected closing date of November 4, 2026, provides a clear timeline for transaction completion and related procurement activities.
- Companies involved in advisory or asset management services can leverage this sale as a benchmark for structuring future non-performing loan transactions.

**Jurisdictions:** federal
**Industries:** Professional Services
**Topics:** Grants & Funding
**Published:** September 22, 2026

### Government Entities
- Fannie Mae (FNMA)

### Vendors
- Residential Credit Opportunities Trust IX-D (winning bidder)
- BofA Securities, Inc. (advisor)

### Sources
- [Fannie Mae Announces Winners of its Latest Non-Performing Loan Sale | Fannie Mae](https://www.fanniemae.com/newsroom/fannie-mae-news/winner-twenty-eighth-non-performing-loan-sale) - Fannie Mae