DLJ Mortgage Capital, Inc. cancelled the acquisition of 7,500 Loans with unpaid balance of $1.62 billion from Federal National Mortgage Association.

DLJ Mortgage Capital, Inc. won a bid to acquire 7,500 Loans with unpaid balance of $1.62 billion from Federal National Mortgage Association (OTCPK:FNMA) on March 14, 2017. The transaction is expected to close on May 25, 2017. As of June 13, 2017, the deal expected to close on July 21, 2017. As of November 13, 2017, the deal expected to close on December 18, 2017. As of July 17, 2018, the deal expected to close on September 21, 2018. Citigroup Global Markets Holdings Inc. acted as a financial advisor to Federal National Mortgage Association. DLJ Mortgage Capital, Inc. cancelled the acquisition of 7,500 Loans with unpaid balance of $1.62 billion from Federal National Mortgage Association (OTCPK:FNMA) on January 17, 2019.