Fannie Mae has announced the winning bidder for its eighteenth Community Impact Pool (CIP) of non-performing loans. The transaction is expected to close on December 10, 2021. It includes approximately 140 loans totaling $44.6 million in unpaid principal balance (UPB). The loans are geographically focused in the New York area, and the winning bidder was Residential Credit Opportunities VI, LLC (AMIP). The pool was marketed with BofA Securities Inc. and First Financial Network Inc.
2021 promises to be a big year for the appraisal profession. The coronavirus pandemic forced appraisers to quickly adapt, and we had to tackle a