VRMTG ACQ, LLC won the bid to acquire Non-Performing Loans of Federal National Mortgage Association on March 12, 2024. The deal included the sale of 1,581 deeply delinquent loans totaling $235.8 million in unpaid principal balance (UPB), offered in one pool. The transaction is expected to close on April 25, 2024. This sale of non-performing loans is being marketed in collaboration with BofA Securities, Inc. and First Financial Network, Inc., a woman-owned and -controlled business, as advisors.

VRMTG ACQ, LLC completed the acquisition of Non-Performing Loans of Federal National Mortgage Association on April 9, 2024.