The sale, finalized following an August announcement, involves loans with an average size of $221,222 and a weighted average note rate of 4.31%. BofA Securities, Inc. served as the advisor for the offering. The portfolio reflects a weighted average broker's price opinion loan-to-value ratio of 48%, with the cover bid reaching 100.375% of the unpaid principal balance.

Fannie Mae mandates that the new owners adhere to strict loss mitigation protocols. Purchasers must honor existing loan modification efforts and offer delinquent borrowers a comprehensive range of alternatives, including potential principal forgiveness, before pursuing foreclosure. In instances where foreclosure is unavoidable, the property must be marketed to non-profits and owner-occupants before being made available to other investors.